Friday, 24 March, 2023

Morgan Stanley pays $60M to settle a lawsuit by customers

<p>Morgan Stanley agreed to pay $60M to settle a lawsuit by customers who said the Wall Street bank exposed their data. Customers would receive at least two years of fraud insurance, and each can apply for reimbursement of up to $10K out-of-pocket losses. The bank denied wrongdoing in agreeing to settle and made substantial upgrades to its data security practices, according to the settlement papers.<br /> &nbsp;</p>