Attorney General Clark and Commissioner Gaffney Announce $595,000 Settlement with Morgan Stanley for Data Security Incidents
Attorney General Charity Clark and Department of Financial Regulation Commissioner Kevin Gaffney announced today that Vermont, along with five other states, has reached a multistate settlement totaling $6.5 million with Morgan Stanley over two incidents that compromised the personal information of millions of Morgan Stanley customers. Both incidents occurred due to Morgan Stanley’s failure to erase unencrypted data in certain computer devices that were decommissioned, exposing millions of consumers’ personal information left in those devices.