Collaborate Disseminate
Critical data on old disks always seems inaccessible if you really need it. But when you DON”T want it back, guess what happens… Continue reading Morgan Stanley fined millions for selling off devices full of customer PII
Morgan Stanley investment bank must pay a whopping $60 million fine for failing to properly decommission multiple business data centers that stored sensitive customer information, the Office of the Comptroller of the Currency (OCC) announced earlier th… Continue reading Morgan Stanley Receives $60 Million Fine for Improper Handling of Customer Data
Investment bank Morgan Stanley is paying a $60 million fine to the U.S. government for mishandling the decommissioning of two data centers in 2016, and potentially exposing customer information. The bank reported the problem to wealth management customers this summer, saying that pieces of hardware from the facilities still had some customer data on them after they reached a recycler. In 2019, a similar situation arose during the decommissioning of network devices that stored customer data, according to Office of the Comptroller of the Currency, the Treasury Department agency that announced the fine Thursday. The case is a reminder that potential data breaches come in many forms beyond the usual concepts of cybercriminals hacking into networks to or using business email compromise to trick employees. In both cases at Morgan Stanley, the bank “failed to adequately assess the risk of subcontracting the decommissioning work, including exercising adequate due diligence in […]
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Continue reading Negligent data center shutdowns bring $60 million fine for Morgan Stanley
Quantum computers are able to reduce computing processes, from years to hours or minutes, and solve problems where even the most advanced conventional computers reach their limits. Quantum computing promises enormous progress, especially in the areas o… Continue reading From science to business: High-end quantum computer market will almost double by 2025
AtScale, the startup that helps companies move massive amounts of data into business intelligence and analytics tools, announced a $50 million Series D round today. Morgan Stanley led the round with previous investors Storm Ventures and Atlantic Bridge joining in. New investor Wells Fargo also participated. The funding comes almost exactly a year after the […] Continue reading AtScale lands $50 million investment led by Morgan Stanley
The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented […] Continue reading Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo Day
Tenable hires Morgan Stanley, Sift Science raised $53M Series D, and Virsec raised $24M Series B. This segment is about the companies making news with founding rounds, exits, and other impacts you need to know about in the industry. Tracking Security I… Continue reading Tracking Security Innovation – Business Security Weekly #79