DBS Online Service Disruptions

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9 Questions

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

It will impose an additional regulatory capital requirement on DBS

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

A problem with the bank's access control servers

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

Tighter guidelines for the financial sector

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

True

MAS is the industry regulator in Singapore

True

DBS' November 2021 service outage lasted only a few hours

False

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

system availability

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

IT systems

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

cyber resilience

"Test Your Knowledge: DBS' Online Banking Service Outages" - Are you up-to-date with the recent disruptions to Singapore's largest bank's online services? Test your knowledge with this quiz and learn about the causes, consequences, and how it affects customers. Keywords: DBS, online banking, service outage, system availability, Singapore.

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