Al-Sager Discusses Cybersecurity and Resilience in Banking Sector

• •Cybersecurity is a critical focus for the future of banking in Kuwait.
• •Resilience must be built before crises emerge, particularly in volatile geopolitical climates.
• •Sustainability and operational agility are essential for long-term financial stability.

At the Kuwait Banking and Finance Roundtable, Isam Al-Sager, Vice Chairman of National Bank of Kuwait, emphasized the need for sustainability, operational resilience, and cybersecurity in the banking sector. He highlighted that resilience must be established before crises occur, particularly in light of geopolitical and economic volatility. Al-Sager noted that interconnected risks, including cyber threats, necessitate a comprehensive approach to risk management. He advocated for strong capital and liquidity, disciplined risk management, and operational agility to absorb shocks. The roundtable included discussions on the importance of integrating sustainability into financial practices and the role of banks in supporting economic growth. The event brought together key stakeholders, including the Central Bank of Kuwait and various bank CEOs, to address the challenges and structural shifts in the banking sector. Al-Sager called for enhanced cooperation among banks and regulators to strengthen institutional readiness.