Menu
Morgan Stanley fires employee who leaked sensitive client data

Morgan Stanley fires employee who leaked sensitive client data

Clients have not suffered losses, the bank said

Investment bank Morgan Stanley has fired an employee who briefly posted account names and numbers for 900 clients on the Internet.

Law enforcement has been contacted about the employee, who was not identified in a news release on Monday. Morgan Stanley officials couldn't immediately be reached for comment.

All told, the employee stole partial client information for 10 percent of its Wealth Management customers, a brokerage and investment advisory service for high net-worth people.

That data did not include account passwords or Social Security numbers, Morgan Stanley said. There is "no evidence of any economic loss to any client," it said.

The data for 900 customers was "briefly posted" by the employee on the Internet but was promptly removed. Morgan Stanley is contacting the affected customers.

Security experts have warned that employees are a threat to information security since they need access to sensitive data to do their jobs. But defending against rogue employees is difficult.

It has been suggested that the attack against Sony Pictures Entertainment may have been aided by an employee because of the vast amount of data that was released in December.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags CriminalMorgan Stanleysecuritylegal

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments