KIB participates in UAB’s cyber security in banking webinar

In accordance with the Bank’s expansive efforts to remain ahead of the curve in the area of cybersecurity, the Information Security, Privacy and Anti-Fraud Department at Kuwait International Bank (KIB), took part in the “Cyber Security in Banking” webinar, a two-day regional virtual event organized by the Union of Arab Banks (UAB).

The cybersecurity webinar tackled crucial topics such as cybersecurity and cyber resiliency, providing banking professionals from across the region with the practical knowledge required to effectively create a cybersecurity program for their respective organizations. The two-day webinar was also attended by finance professionals and cybersecurity experts from financial institutions from all around the Arab world.

“Cybersecurity is a fundamental part in the complex tapestry that is modern-day banking, and at KIB, we continuously strive to remain efficient and effective when it comes to all matters of security, privacy and data confidentiality. Thus, we commend and support the Union’s efforts in actively supporting banks in the region and providing a platform to disseminate practical knowledge and best practice expertise to achieve the sector’s cyber security goals,” said Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB.

Al-Suwaidan further stressed the importance of banks keeping up with the tremendous pace of change and development in the field of digital banking, especially when it comes to matters of security.  “It is evident that we are living in a fast-paced digital world where a great deal of our banking functions take place online and in virtual spaces. To ensure the optimal safety of customers, it is imperative to continuously learn and adapt to the latest techniques in cybersecurity and fintech to keep our banks and customers safe,” he added.

It serves to note that KIB has long had a strategic partnership with the UAB and currently serves as a Diamond Sponsor for all of the Union’s agenda of events and initiatives for the year 2021.