FINED! How Financial Services Can Avoid Paying Millions for Using Unsecured Messaging Apps
💰 FINED: The use of unsecured messaging apps cost American financial firms over $500M in fines – Don't be next!
Wells Fargo and other major players in the Financial industry were hit with the biggest penalties by the Securities and Exchange Commission and the Commodity Futures Trading Commission.
🤔The reason? Employees were exchanging messages in non-compliant apps such as WhatsApp, iMessage, and Signal.
Their failure to preserve message history violated federal securities laws.
Learn from their mistakes and protect your business.