Kuwait Banking Association Reassures About Sustainable Business Plans

2024-07-19 03:05:27

(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, July 19 (KUNA) - Kuwaiti local banks have business sustainability plans for crisis response and recovery to curtail adverse impacts on digital infrastructure and banking services, reassured Kuwait Banking Association (KBA) on Friday.
In a press release, the KBA said that the Central Bank of Kuwait (CBK) was working closely with the KBA and local banks in a bid to address the aftershocks of the information technology outage that hit the world earlier in the day.
Earlier in the day, Microsoft Corp. announced that there was a glitch in its global public system, which led to technical problems at several airports in the United States and around the world.
Microsoft said in a statement that this sudden glitch affected many applications and services, including operating systems such as Windows, disrupting operations in various sectors involving airlines, banks and several media outlets. (end)
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