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Morgan Stanley Probe Said to Examine If Adviser Hacked


From: InfoSec News <alerts () infosecnews org>
Date: Fri, 20 Feb 2015 10:05:13 +0000 (UTC)

http://www.bloomberg.com/news/articles/2015-02-19/morgan-stanley-probe-said-to-examine-whether-adviser-got-hacked

By Michael J Moore
Bloomberg Business
February 18, 2015

Bloomberg -- A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial adviser was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.

While Galen Marsh was dismissed for obtaining information on as many as 350,000 wealth-management clients, his lawyer said last month that the 30-year-old financial adviser didn’t seek to sell or use it for personal gain. Federal investigators are trying to determine whether his computer was breached after he removed data from the firm, the people said. There’s no evidence Morgan Stanley’s own computers were hacked, said one of the people, who’s familiar with the company’s review.

“Right from the beginning, we have stated very clearly, that Mr. Marsh had nothing to do with any information being posted on the Internet,” Marsh’s lawyer, Robert C. Gottlieb of Gottlieb & Gordon LLP, said Wednesday in a phone interview.

Morgan Stanley, owner of the world’s largest brokerage, has sought to contain the fallout since learning in December that someone had posted information about 900 customers on the website Pastebin and asked potential buyers to pay for more with a virtual currency. The firm said last month that it had the data promptly removed from public view and that it notified law enforcement.

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