Kuwait’s Gulf Bank suffered a technical issue on Saturday that could result in a loss of up to $9.2m (KD2.8m).
The bank issued a statement on its Twitter account revealing some details of the issue, without describing the cause of the incident.
Rafael Nadal marries partner of 14 years, Xisca Perello
Rafael Nadal married his childhood sweetheart of 14 years, Xisca Perello, at a castle in Mallorca on Saturday. Nadal,…
4340 | the publication reaches you by | Kuwait OnlineThe technical saw a disruption in the bank’s service that impacted its international transfers, but did not affect any of its customers.
“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.
Boursa Kuwait announces net profit of KD 5.63 million for the period ended 30 June 2020
Against the backdrop of the unprecedented conditions brought on by the COVID-19 pandemic, Boursa Kuwait saw a net profit…
1051 | the publication reaches you by | Kuwait OnlineKuwait Today Business Subscription
Category: #Business | 2019/04/01 latest update at 9:00 PM
Source : Arabian Business | Photocredit : Google
