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Morgan Stanley fires employee who stole data on 900 clients and made it public

Staff writer ▼ | January 5, 2015
Morgan Stanley fired an employee who had stolen data from 900 of the firm's wealth management clients.
Morgan Stanley
Problem   There is no evidence of any economic loss to any client
"Morgan Stanley today began advising certain Wealth Management clients that an employee had stolen partial client data. The Wealth Management employee has been terminated, and law enforcement and regulatory authorities have been advised of the incident.

"While there is no evidence of any economic loss to any client, it has been determined that certain account information of approximately 900 clients, including account names and numbers, was briefly posted on the Internet. Morgan Stanley detected this exposure and the information was promptly removed.

"Overall, partial account information of up to 10 percent of all Wealth Management clients was stolen. The data stolen does not include account passwords or social security numbers.

"The Firm is taking the precaution of notifying all potentially affected clients and instituting enhanced security procedures including fraud monitoring on these accounts," the company said in the statement.


 

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