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The SEC announced that Morgan Stanley will pay a $35 million fine to settle charges related to the company exposing the personal information of millions of customers.
On Tuesday, Morgan Stanley agreed to pay a $35 million fine to the Securities and Exchange Commission (SEC) for data security violations that included the unencrypted resale of hard drives from shut-down data centres without first wiping them. The inappropriate disposal of tens of thousands of hard drives, which began in 2016, was part of a 'extensive failure' over a five-year period to protect consumer data as required by federal regulations, according to the SEC complaint. When servers at local branches were being decommissioned, the agency claimed that improper hard drive and back...
Some of the hard drives containing unencrypted customer data were sold on auction sites.
Madras High Court directed Tamil Nadu government not to take any decision on melting of temple gold as part of the recently announced Gold Monetisation Scheme until temple Trustees are appointed