Bank’s mishandling of old computer hardware puts customer information at risk
- Morgan Stanley to pay $6.5 million in fines over data-security incidents
- Incidents involved old computer hardware and compromised customer information
- Bank hired a moving company to dispose of equipment, some devices sold at auction
- Morgan Stanley learned of the incident from a third party
Public Companies: Morgan Stanley (MS)
Private Companies:
Key People:
Factuality Level: 7
Justification: The article provides specific details about the data-security incidents and the actions taken by Morgan Stanley. It does not contain any obvious misleading information or sensationalism. However, it lacks in-depth analysis and background information, which could have provided a more comprehensive understanding of the situation.
Noise Level: 3
Justification: The article provides some relevant information about Morgan Stanley’s data-security incidents and the resulting fines. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also diverts into unrelated territory by mentioning the need to sign in to read Barron’s Advisor.
Financial Relevance: Yes
Financial Markets Impacted: Morgan Stanley
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Morgan Stanley’s data-security incidents and the resulting fines. However, there is no mention of an extreme event or its impact rating.
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