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Morgan Stanley fined $60 million for data centre decommissioning oversights

The US federal banking system regulator has issued Morgan Stanley with a $60 million (£46.06 million) fine not properly decommissioning two data centres in 2016.
According to the Office of the Comptroller of the Currency (OCC), the bank failed to assess or address risks with decommissioning hardware at two Wealth Management data centres located in the US, contravening data protection regulations.