SEC Stresses Data Security After Settlement with Morgan Stanley

The Securities and Exchange Commission (SEC) told financial firms they must take data security more seriously in the wake of a settlement with Morgan Stanley over the theft of customer data by a former employee. In 2015, the employee transferred information from approximately 730,000 client accounts to his personal server. He copied names, addresses, account numbers, investment information and other data to his home computer so he could work on it. He did this...

The Securities and Exchange Commission (SEC) told financial firms they must take data security more seriously in the wake of a settlement with Morgan...

With news of data breaches every other day, many companies are now turning their attention to where sensitive files reside, who has access to the sensitive information, how this information is being used and securing it. The cyber criminals’ techniques for breaking through perimeter defenses are always getting more sophisticated. Everyone realizes that network security alone is no longer a sufficient solution as the perimeter that once held sensitive information safe has been eroded....

With news of data breaches every other day, many companies are now turning their attention to where sensitive files reside, who has access to...

Former Morgan Stanley Financial Adviser Guilty In Connection with Data Breach A former employee of Morgan Stanley pleaded guilty to stealing confidential data from about 730,000 customer accounts. He copied names, addresses, account numbers, investment information and other data to his home computer so he could work on it. While improperly accessing the information, he was interviewing for a new job with two Morgan Stanley competitors. Challenge Your employees access sensitive and confidential customer...

Former Morgan Stanley Financial Adviser Guilty In Connection with Data Breach A former employee of Morgan Stanley pleaded guilty to stealing confidential data from...

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