Morgan Stanley will pay a civil monetary penalty of $60 million to resolve charges via the Office of the Comptroller of the Currency (OCC) that the firm’s information security practices did not comply with the OCC’s standards. The incidents that drew the attention of the OCC are the allegedly mismanaged 2016 disposal of the hardware… Read More >>
Crypto-Currency Exchange Loses $40M via Hackers
Major crypto-currency exchange Binance recently shocked financial markets with the news that it suffered a “large-scale security breach” on May 7 that led to the theft of 7,000 bitcoins (BTC), valued at $40 million in total. The security breach comes as market interest in crypto-currency trading appears to be hitting its stride, according to a… Read More >>
