Securities and Exchange Commission

On September 20, 2022, the U.S. Securities and Exchange Commission announced that Morgan Stanley Smith Barney agreed to pay a $35 million fine for the firm’s alleged failure to adequately protect the personal information of approximately 15 million customers.
Continue Reading SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data

On October 6, 2021, Deputy Attorney General Lisa Monaco announced the launch of the new Civil Cyber-Fraud Initiative that will use the False Claims Act to pursue cybersecurity related fraud by government contractors and grant recipients.
Continue Reading DOJ Announces New Cyber-Fraud Initiative and Intent to Utilize False Claims Act to Spur Compliance