Regulator fines Fidelity Brokerage Services $1.25M over data breach (opens in new tab)

Melanie Waddell reports: William Galvin, Massachusetts’ top securities regulator, ordered Fidelity Brokerage Services on Monday to pay $1.25 million for failing to enforce appropriate cybersecurity controls that resulted in a data breach affecting about 77,000 customers. “After learning of the breach, Fidelity also failed to notify many impacted residents, including the relatives and minor children... Source