The preliminary settlement, filed in Manhattan federal court, still requires a judge’s approval.
According to settlement documents, Morgan Stanley denied wrongdoing and has implemented “substantial” data-security improvements.
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Morgan Stanley Settles Data-breach Lawsuit for $60M
Morgan Stanley has inked a $60 million settlement with about 15 million customers who claimed the firm twice failed to properly safeguard their personal information when it decommissioned data centers and computer systems. So reports Reuters.
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