One year ago, on September 20, 2022, the Securities and Exchange Commission (SEC) imposed a
hefty $35 million fine on Morgan Stanley.
In a sobering reminder of the critical importance of safeguarding customer information, Morgan Stanley found itself at the center of a major data breach incident in 2016. The breach, which occurred in June 2016 exposed the personal data of a staggering 15 million customers due to a chain of errors that led to unauthorized access to sensitive information.