Data Breach – Morgan Stanley reports 350,000 accounts compromised
Uncategorized January 6th, 2015While no initial impacts have been noted, this information could be potentially misused for identity theft
http://www.wsj.com/articles/morgan-stanley-terminates-employee-for-stealing-client-data-1420474557
Morgan Stanley fired one of its financial advisers after it accused him of stealing account data on about 350,000 clients and posting some of that information for sale online, in potentially the largest data theft at a wealth-management firm. Morgan Stanley said its employee downloaded information on about 10% of its wealth-management clients, totaling about 350,000. The bank said that on Dec. 27 it discovered data related to about 900 of its client accounts during a routine review of public websites known to traffic in such information. The data, which included account names and numbers, states of residence and asset values, appeared on the Internet “briefly,” the firm said Monday in a statement.