Wednesday, January 7, 2015

No Crime Committed?: Employee Who Posted 900 Morgan Stanley Client's Info on Internet ONLY Gets Terminated


NEW YORK – An employee of Morgan Stanley stole information of 900 clients, including their names and account numbers, and posted them on the internet for a short while, according to the global financial services company.

The employee, whose identity has not been revealed, has been fired, said the statement released on Morgan Stanley’s webpage on Monday.

The company said there was no evidence of any economic loss to any client, adding that although part of the information had been posted briefly on the internet, it had subsequently been removed by the company.

“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,” said the statement.

Morgan Stanley is already working with the appropriate authorities to conduct and conclude a thorough investigation of the incident, the note added. 


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