[ISN] Morgan Stanley: An employee stole partial client data

http://www.cnbc.com/id/102292464 By Everett Rosenfeld, Jeff Cox, Mary Thompson CNBC.com Jan 5, 2015 Morgan Stanley said Monday that it terminated an employee for stealing wealth management data from up to 10 percent of its clients, or about 350,000 people. The bank said there is thus far “no evidence of any economic loss” for its clients. Still, data for about 900 clients—including account names and numbers—were briefly posted online, the firm said. Morgan Stanley is the second-largest wealth manager in the country and the sixth-largest holding company, with assets of $814.5 billion. The company said the information did not include Social Security numbers or passwords. “Morgan Stanley takes extremely seriously its responsibility to safeguard client data, and is working with the appropriate authorities to conduct and conclude a thorough investigation of this incident,” the company said in a release. […]




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