Leveraging Knowledge to Manage Your Data Risks
Morgan Stanley has settled claims by the Office of the Comptroller of the Currency (OCC) that it failed to properly decommission data centers that housed client data of its wealth-management operations two times—once in 2016 and once in 2019 for $60 million.
According to the OCC, Morgan Stanley “failed to effectively assess or address risks…
Just before Christmas, a New York federal judge sentenced Galen Marsh, the former Morgan Stanley financial advisor who downloaded client data to his home computer without permission, to three years of probation. He pled guilty to one count of unauthorized computer access.
Marsh admitted to downloading Morgan Stanley client information and illegally accessing it so…
