IBM took responsibility for major IT system failure suffered by one of Singapore’s largest banks on July 5. The outage knocked DBS’ IT systems offline for seven hours, leaving customers unable to withdraw money from automatic teller machines. IBM and DBS are taking steps to prevent a repeat of the July 5 system failure, the company says. IBM has “taken steps to enhance training of our personnel related to current procedures and brought in experts from our global team to provide further assistance,” the statement says.”]
Source: https://www.csoonline.com/article/2125281/ibm-takes-blame-for-massive-bank-system-failure.html