Wall Street banks fined $549 million for not backing up messaging app histories

Federal regulatory agencies have fined 11 financial institutions a combined $549 million for using “off-channel” messaging apps (WhatsApp, iMessage, Signal and text messages) for conversations about trades and other business. Securities laws require... #press

https://www.engadget.com/wall-street-banks-fined-549-million-for-not-backing-up-messaging-app-histories-164552963.html?src=rss&utm_source=press.coop

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