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Security concerns with messaging use cost Wall Street banks over $1B in fines
Aug. 25, 2022, 2:38 a.m. | Karen Hoffman
SC Magazine feed for Policy www.scmagazine.com
Several well-known Wall Street U.S. banks will be dipping into their own pockets to pay more than $1 billion all together in regulatory fines because their traders used private messaging applications such as WhatsApp in their work, due to potential security and privacy issues of this practice.
banks compliance cost critical infrastructure device security fines messaging privacy security
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