Sixty million dollars. That’s how much Morgan Stanley, a global leader in financial services, agreed to pay to clients in January 2022 in a class action lawsuit for failing to safeguard their personal data. This $60 million settlement is in addition to $60 million the financial services giant already paid in civil fines in October 2020. Morgan Stanley can only hope the lawsuits end here as the data breach incident has cost them $120 million so far.