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 the DFSA. Four involved confidential data being disclosed to external recipients.Moody’s Investors Service Middle East Limited agreed to settle the matter and received an early settlement discount. Without that discount, the fine would have been $836,892, the regulator said.
