Morgan Stanley Receives $60 Million Fine for Improper Handling of Customer Data

Morgan Stanley Receives $60 Million Fine for Improper Handling of Customer Data

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 ...
Accenture

The High Cost of Reporting a Non-Reportable Data Breach

Can a company be sued for reporting a data breach in which the data was never used and destroyed? In May, cloud provider Blackbaud was the victim of a ransomware attack designed ...
Security Boulevard
litigation

Data Breach Litigation Waivers: Be Careful What You Wish For

Companies with data breach litigation waivers may find those waivers used against them by savvy law firms In her 1969 book, “On Death and Dying,” Elisabeth Kübler-Ross described the five stages of ...
Security Boulevard
Equifax used ‘admin’ as username and password internally

Equifax used ‘admin’ as username and password internally

A class-action lawsuit targeting Equifax has revealed a series of appalling internal security practices that led to the data breach incurred by the credit reporting agency in 2017. The lawsuit is not ...
Supreme Court May Decide Data Breach Victims' Rights

Supreme Court May Decide Data Breach Victims’ Rights

The U.S. Supreme Court may decide whether you can act on that “Dear valued customer, we regret to inform you that your data may have been compromised …” letter or e-mail with ...