This company put the personal information of millions of its customers at risk through the mishandling of decommissioned devices. Now, Morgan Stanley will have to pay $6.5 million and take steps to ensure customer data is protected.
An investigation into Morgan Stanley uncovered that the company failed to properly dispose of devices containing its customers' personal information by hiring a moving company with no experience in data-destruction services to decommission thousands of hard drives and servers containing sensitive information of millions of its customers.
Morgan Stanley potentially exposed millions of consumers' personal information through a failure to properly erase unencrypted data when disposing of the company's computer devices.
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