SEC fines Morgan Stanley

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Easto
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SEC fines Morgan Stanley

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Philip
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Post by Philip »

Wow, this is crazy, just auction out old HDDs without any regard to customer data...
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Paft
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Post by Paft »

Yikes. It makes me wonder about the quality of their IT folks; it seems like they should have had at least a basic data destruction plan before just chucking out HDDs and other materials with customer data intact.
So trade that typical for something colorful, and if it's crazy live a little crazy!
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Philip
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Post by Philip »

Seems they just paid some subcontractor to decommission old servers/drives and didn't even track what they were actually doing with the hardware. Scary stuff, you can protect your identity all you want, and large blunders like that just dump all your personal (and in this case financial) data.
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Easto
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Post by Easto »

Outside of the obvious breach of security and failure to show basically any interest in caring what happened to those Hdds.... I'm surprised this wasn't all over the Nightly News bigtime.
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Post by Philip »

My best guess is it briefly made the news cycle when it initially came out, and now it's just when the SEC is slapping them with a fine.

You're right though, it should definitely be reported.
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