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Morgan Stanley to pay $12.5M in fines for mishandled email

Has your company considered that email is as much of a company official record as those pieces of paper in file boxes? In this case, the mismanagement and failure to produce email caused Morgan Stanley to accumulate $12.5 million in fines stemming from two cases.

The financial company previously had stated that its e-mail servers were destroyed in the 9/11 attacks, resulting in the loss of e-mails archived prior to that date. Morgan Stanley presumably had lost millions of pre-9/11 e-mails, but it was later discovered that they had been restored to the company's active e-mail system using backup tapes, which were stored in another location.

Additionally, FINRA found that Morgan Stanley destroyed many of the pre-9/11 e-mails in its possession by overwriting backup tapes that stored e-mail from 11 of its 12 servers and by allowing users to permanently delete e-mail.

Morgan Stanley neither admitted nor denied the charges.

Read the full story at InformationWeek.

Update on MDOP

If you haven't heard of the Microsoft Desktop Optimization Pack, and you are a medium or large MS IT shop, then you should. MDOP combines some of the key acquisitions by Microsoft over the last couple years and is available to SA/EA customers as part of their agreement.

An update last week on one of the key pieces, Asset Inventory Services, was posted to the System Center Online blog. AIS has now entered beta stage.