Why poor IT asset lifecycle management is rapidly becoming a serious cyber vulnerability
Earlier this year, banking giant Morgan Stanley agreed to pay plaintiffs $60 million to settle a class-action lawsuit resulting from a pair of data breaches discovered in 2019.
While companies like Morgan Stanley find themselves under constant cyber attacks, these breaches were not from a hacker breaking into a database or an employee accidentally exposing customer information. It was simpler: Morgan Stanley threw away decommissioned servers that were not completely wiped clean, leaving customers’ personally identifiable information vulnerable.