Podcast
Questions and Answers
What action will the Monetary Authority of Singapore take against DBS?
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?
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?
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
DBS experienced its second major online service outage in just a year
MAS is the industry regulator in Singapore
MAS is the industry regulator in Singapore
DBS' November 2021 service outage lasted only a few hours
DBS' November 2021 service outage lasted only a few hours
DBS' second major online service outage in just over a year is indicative of its failure to ensure ______
DBS' second major online service outage in just over a year is indicative of its failure to ensure ______
MAS said DBS had 'fallen short' of the regulator's expectations to ensure high system availability and swift recovery of its ______
MAS said DBS had 'fallen short' of the regulator's expectations to ensure high system availability and swift recovery of its ______
Singapore has implemented tighter guidelines for the financial sector to boost the ______ of the country's critical information infrastructures
Singapore has implemented tighter guidelines for the financial sector to boost the ______ of the country's critical information infrastructures
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