CyberCrunch™ News

When the Office of the Comptroller of the Currency imposed a $60 million fine on Morgan Stanley for their recent data breach, they cited in part “[failure] to maintain appropriate inventory of customer data stored on the decommissioned hardware devices.” In response to this, CyberCrunch President Serdar Bankaci said “Data destruction is only half the process — the other half … Read More

Earlier this month, U.S. banking regulators announced a record fine stemming from the Morgan Stanley data breach. What lessons do all businesses and ITAD companies need to learn from this announcement? In this newsletter, read CyberCrunch President Serdar Bankaci’s lessons on data destruction, accountability and recordkeeping from the incident. Also: Do you know why and how to properly dispose of … Read More

By CyberCrunch President Serdar Bankaci Morgan Stanley was recently fined $60 million “for engaging in unsafe or unsound practices relating to information security and noncompliance with 12 C.F.R. Part 30.”  The findings of the Office of the Comptroller of the Currency (OCC) included that Morgan Stanley failed to maintain proper inventory of devices that contained customer data.  Furthermore, the bank … Read More

We recently gave you some tips on cleaning your devices with alcohol and a microfiber cloth — but that’s not what we’re talking about here. Bring-your-own-device (BYOD) policies and cloud storage and collaboration platforms mean that bits of your company’s data could be scattered far and wide in the event that a device is lost or an employee leaves your … Read More

How is your business adapting to the new realities of a distributed workforce? In this issue, we’ll look at how mail-back IT asset disposition and recycling services can help you manage the hardware lifecycle for your company assets — no matter where they’re located. Do you know the difference between a SATA hard drive and an NVMe SSD? More importantly, … Read More

The COVID-19 crisis has sent businesses scrambling to support a newly mobile workforce. These companies have turned to cloud-based SaaS providers in droves: Meetings over Zoom, instant messaging via Slack, and project and task management from Trello or Asana. But with these rapid changes comes a host of security risks and vulnerabilities — which both the SaaS companies and their … Read More

With more people than ever depending on their home computers for business-critical work, attackers have stepped up efforts to spread malware and steal credentials via phishing schemes and other tricks. The tactics aren’t new, but the current global crisis is being taken advantage of by cybercriminals at unprecedented levels. So what steps can you take to secure your personal computer … Read More

Offsite backups are critical to protecting your business’s data from a variety of threats. Fire, flood, break-ins, and natural disasters could mean that your primary business location sustained major damage that could destroy servers and on-site backups. Having an offsite backup protects you against these possibilities, allowing you to get back online and start recovering more quickly. Offsite backups can … Read More

Welcome to the September edition of the CyberCrunch newsletter! In this issue, we’ll examine the consequences of the recent Morgan Stanley data breach and what that means for businesses who trust their data destruction to outside vendors. We’ll also answer the questions “What is data destruction?” and “What is shredding?” and how understanding both of these concepts can protect your … Read More

Your business produces thousands of documents each year. Some of them need to be kept for a certain amount of time, like financial statements, contracts, and regulatory documents. But other documents are only useful for a short period of time — like emails, presentations, and invoices. But these documents can stick around for years and years, posing a legal and … Read More