Morgan Stanley has agreed to pay $60 million as part of a settlement with the Office of the Comptroller of the Currency (OCC) for failing to adequately protect customer data when the bank decommissioned two U.S.-based wealth management data centers.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...