A major financial services company has learned the hard way about the importance of proper disposal of customers’ personal data
The U.S. Securities and Exchange Commission (SEC) has announced that Morgan Stanley has agreed to pay a penalty of $35 million for exposing the personal information of 15 million customers. According to SEC, the financial services company failed to properly dispose of hard drives and servers that contained the personal data of its customers.
The issue highlights the need for companies to follow secure data disposal practices and rely on help from experts in the field. Watch the video to learn more.