Negligent data center shutdowns bring $60 million fine for Morgan Stanley
Hardware from the decommissioning of two facilities in 2016 still had some customer data on it by the time it reached recyclers.
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Office of the Comptroller of the Currency
US financial regulator fines Capital One $80 million over data breach
The company says its improved its security practices since the incident.
Cybersecurity is U.S. bank regulator’s top priority
The declaration from a Treasury Department office comes amid an environment where attackers are multiplying and the threat surface is rapidly expanding.
Accountants join pushback on feds’ cyber rules for banks
Three professional associations for bean-counters argue that any regulation should only set high-level principles or flexible frameworks — not specific or prescriptive rules which might be duplicative…