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DBS says banking services back to normal after two-day outage -Breaking

© Reuters. FILEPHOTO: An elderly man walks by the DBS sign in Singapore, October 8, 2019 REUTERS/Feline Li/File Photo

SINGAPORE, (Reuters) – Singapore’s DBS Group (OTC) announced that its online banking services were fully restored following disruptions of approximately two days. This was the largest outage it has suffered since 2010. The central bank is now considering taking supervision.

Southeast Asia’s largest lender posted late Thursday on Facebook (NASDAQ) that customer logins have been restored to their pre-disruption levels.

The bank’s services, including its payment app, were disrupted on Tuesday and Wednesday DBS stated that its systems are secure and not being targeted by a cyber-attack.

The bank stated that it will monitor the week’s events and take steps to avoid future repeats.

The disruption angered thousands after the largest bank in Singapore announced a fix for Tuesday’s outage.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.