Dubai regulator fines Moody’s Middle East unit Dh2.15 million
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“Dubai regulator fines Moody’s Middle East unit Dh2.15 million”
Dubai: The Dubai Financial Services Authority (DFSA) has fined Moody’s Investors Service Middle East Limited $585,825 (Dh2.15 million) for failing to adequately protect confidential information. The regulator said the credit rating agency had insufficient systems and controls to safeguard data confidentiality and failed to ensure that employees did not disclose confidential information. Between December 2023 and May 2026, the company reported seven incidents of inadvertent data disclosures to…
Read at Gulf News“Dubai regulator fines Moody's Middle East unit Dh2.15m over data breaches”
The Dubai Financial Services Authority has fined the Middle East unit of Moody's Investors Service $585,825 (Dh2.15 million) for failing to safeguard confidential information over more than two years. Moody's Investors Service Middle East Limited (Mismel) breached regulations governing credit rating agencies with seven incidents of inadvertent data disclosure between December 2023 and May 2026, the DFSA said on Wednesday. An investigation found that Mismel, which has been licensed by the DFSA…
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