Latest News
- Disaster and Business Continuity
- Derivatives Operations +
-
Securities Operations
+
- Affirmation, Allocation & Confirmation
- Back Office
- Buy-Side
- Case Studies
- Clearing
- Corporate Actions
- Data Management
- FX Operations
- Hedge Fund Operations
- Industry News
- Mergers & Acquisitions
- Middle-Office
- Operational Risk
- Ops Automation
- Outsourcing
- Private Markets
- Reconciliation & Exceptions
- Risk Management
- Sell-Side
- Settlement
- T+1 Settlement
- Diversity & Human Interest +
- FinTech Trends +
- Opinion +
- Performance Measurement +
- Regulation & Compliance +
- Industry News +
- FTF Media & Content Channels +
- FTF Bull Run Blog
Personal information was allegedly stolen from roughly 10 percent of Morgan Stanley’s wealth management clients by an employee, and account information related to nearly 900 separate accounts was briefly posted via the Internet before being removed, officials say.
Morgan Stanley officials allege that information was taken by a single Morgan Stanley Wealth Management employee, who has since been fired, according to a company statement. The bank also says there is currently no indication that any of the affected clients suffered any financial loss as a result of their account data being compromised.
Morgan Stanley notified regulators and law enforcement officials immediately upon discovering the activity, and, going forward, will institute “enhanced security procedures including fraud monitoring on these accounts,” according to the statement. “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 the incident,” officials add.
Need a Reprint?- Read More:
- compliance,
- wealth management
Leave a Reply