DBS Online Service Disruptions
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Questions and Answers

What action will the Monetary Authority of Singapore take against DBS?

  • It will provide financial assistance to DBS
  • It will shut down DBS' digital services permanently
  • It will issue a warning to DBS
  • It will impose an additional regulatory capital requirement on DBS (correct)

    • What was the cause of DBS' service outage in November 2021?

  • A human error
  • A natural disaster
  • A problem with the bank's access control servers (correct)
  • A cyber attack

    • What measures has Singapore implemented to boost the cyber resilience of the financial sector?

  • Decreased oversight for the financial sector
  • Increased funding for the financial sector
  • Relaxation of regulations for the financial sector
  • Tighter guidelines for the financial sector (correct)

    • DBS experienced its second major online service outage in just a year

    <p>True</p> Signup and view all the answers

    MAS is the industry regulator in Singapore

    <p>True</p> Signup and view all the answers

    DBS' November 2021 service outage lasted only a few hours

    <p>False</p> Signup and view all the answers

    DBS' second major online service outage in just over a year is indicative of its failure to ensure ______

    <p>system availability</p> Signup and view all the answers

    MAS said DBS had 'fallen short' of the regulator's expectations to ensure high system availability and swift recovery of its ______

    <p>IT systems</p> Signup and view all the answers

    Singapore has implemented tighter guidelines for the financial sector to boost the ______ of the country's critical information infrastructures

    <p>cyber resilience</p> Signup and view all the answers

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