One Article Review
| Source |  CSO |
|---|---|
| Identifiant | 7304891 |
| Date de publication | 2022-10-05 02:00:00 (vue: 2022-10-05 10:07:22) |
| Titre | The astronomical costs of an asset disposal program gone wrong |
| Texte | Every entity should have an information technology asset disposal (ITAD) program as part of its information security process and procedure. Indeed, every time an IT asset is purchased, the eventual disposal of that asset should already be defined within an ITAD. When one doesn't exist, data becomes exposed, compromises occur, and in many cases, fines are levied. Such was the case with Morgan Stanley Smith Barney (MSSB), which continues to feel the repercussions of their ITAD's failure over the past several years, which has now resulted in $155 million USD in fines and penalties.On September 20, 2022, the Securities and Exchange Commission (SEC) reached a settlement agreement in which MSSB paid a $35 million USD penalty for the improper disposal of devices containing MSSB customer persona identifying information (PII).To read this article in full, please click here |
| Envoyé | Oui |
| Condensat | $155 $35 2022 agreement already are article asset astronomical barney becomes case cases click commission compromises containing continues costs customer data defined devices disposal doesn entity eventual every exchange exist exposed failure feel fines full gone has have here identifying improper indeed information itad its levied many million morgan mssb now occur one over paid part past penalties penalty persona pii please procedure process program purchased reached read repercussions resulted sec securities security september settlement several should smith stanley such technology time usd when which within wrong years |
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