Kuwait Banking Association reassures about sustainable business plans

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. Source: Kuwait News Agency