SEC fines Morgan Stanley $35 million after exposing customer data on 1,000 auctioned hard drives

According to the SEC's complaint, Morgan Stanley auctioned off roughly 1,000 unencrypted HDDs that had not had their contents erased. It also claims that the company improperly disposed of thousands of hard drives and backup magnetic media, exposing the data of more than 15 million Morgan Stanley customers. Officials called...

SEC fines Morgan Stanley $35 million after exposing customer data on 1,000 auctioned hard drives

According to the SEC's complaint, Morgan Stanley auctioned off roughly 1,000 unencrypted HDDs that had not had their contents erased. It also claims that the company improperly disposed of thousands of hard drives and backup magnetic media, exposing the data of more than 15 million Morgan Stanley customers. Officials called...

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