Did you see the latest fine that the SEC dished out?

The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal identifying information (PII) over a five-year period. The data security failures reportedly impacted the personal information of roughly 15 million MSSB customers.

#datasecurity #visbanking #nationalbanks #fines #bankingindustry

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