In a new accomplishment to be added to its record of achievements that strengthens its leading position in the banking industry, Ahli United Bank (AUB) was named “the Best Information Security and Fraud Management Kuwait 2020” by (Global Finance) a renowned world class business and finance magazine.
AUB was chosen for this Award from among entries evaluated by a world-class panel of judges at Infosys Technologies, a world leader in consulting and Information Technology Services before being reviewed by Global Finance’s editors who are responsible for the final selection of all winners. Only banks that entered the competition were considered for awards.
In selecting AUB for this Award, Global Finance Magazine relied on certain criteria, most importantly; the Strength of proactive strategy for system and network security and protection, Active monitoring towards fighting fraudulent operations and communications, Solid track record of staff and customer information and communication safeguarding, Evidence of tangible benefits gained from digital initiatives, Supports multi-level authorization facility, Supports data encryption is in place for high value/high volume of transactions, Review security risk assessment, and update the policies and procedures to confront new online threats and Periodic alerts for customers to check & follow the latest security recommendations to protect their computers.
Commenting on this accomplishment, Mrs. Jehad Saud Al-Humaidhi, Acting CEO at AUB congratulated the team that contributed to achieving this success, stressing that winning this Award is an indication of AUB success in implementing the best security information initiatives and the best fraud management due to our advanced systems and our professional team.
Al-Humaidhi pointed out that AUB gives top priority to cybersecurity and its various solutions and has invested in this area in a focused way due to the high priority this aspect has in supporting various channels of banking operations.
From his side Mr. Ali khalf Al- oud Executive Manager–Systems and Network Support, information technology at AUB stated that the concern to protect the security of information, management of fraud, preservation of the data of all our customers and the security of our transactions in accordance with the highest standards is an urgent necessity that must be kept up with in a continuous basis in order to avail the steady progress in this field to detect and deter fraud attempts and cybercrime, which are increasingly dangerous and targeting the banking sector.
Al-Oud affirmed AUB’s commitment to assessing and managing security risks and managing data, which is reflected in maintaining the confidence of its customers and maintaining its leading position.
Mr. Khaled Shaikh, Senior Manager - Information Security at AUB said: One of our main objectives of the bank is to provide its customers with a safe banking experience that is resilient to cyber threats. As the bank continues to expand its digital footprint, risks associated with digital business are increasing in quantity and complexity. It is more important than ever that we continue to keep apprising our advanced cyber defenses to safeguard the security of our systems thereby ensuring that our customers enjoy a secure banking experience.
Global Finance is a monthly magazine founded in 1987, with headquarters in New York, and has a circulation of 50,000 copies in 188 countries. It has offices in all over the world. It is a leading economic magazine in publishing specialized economic reports and analyzes.