The bank issued a statement on its Twitter account revealing some details of the issue, without describing the cause of the incident.
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“Based on our current assessment, this service disruption may result in a maximum potential loss to the bank of 2.8 million dinars. To give all our stakeholders comfort, this amounts to only 0.4 percent of our capital”, it said.
In a separate statement, Kuwait Banking Association (KBA) assured customers that local banks in Kuwait “enjoy high level of cybersecurity and protection of the data and information of their clientele”.
“The banks, except for the Gulf Bank, reported no hacking or tampering with their information systems,” KBA said in a press release, affirming commitment of all banks to ensuring the safety of the accounts of their clientele.
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