Singaporean Bank Suffers Significant Systems Failure

Singaporean bank, DBS, was left without access to consumer and commercial banking systems for several hours after a major IT outage occurred on Monday, July 5. The outage resulted in the failure of internet banking systems and automated teller machines (ATMs), and the bank was unable to accept cash payments until the system was restored.

In a press statement, DBS confirmed that it first knew about the problem at 3am but was able to resume normal services some seven hours later. As required by

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