Regulator fines Fidelity Brokerage Services 125M over data breach

Melanie Waddell reports William Galvin Massachusetts top securities regulator ordered Fidelity Brokerage Services on Monday to pay 125 million for failing to enforce appropriate cybersecurity controls that resulted in a data breach affecting about 77000 customers After learning of the breach Fidelity also failed to notify many impacted residents including the relatives and minor children Source