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News/Cyber & AI/Morgan Stanley to Pay $60M for Allegedly Reselling Equipment without Erasing All Customer Data
News·Cyber & AI Brief

Morgan Stanley to Pay $60M for Allegedly Reselling Equipment without Erasing All Customer Data

Morgan Stanley has agreed to pay $60 million to resolve a class action over a 2016 incident in which the company's third-party vendor failed to fully erase customers' personal data before re-selling equipment from decommissioned data centers.

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