Tuesday, January 13, 2015

Financial Services Insider Stole Client Data

A financial adviser at an American multi-national financial services, company has been accused of stealing account data on 350,000 clients - approximately 10% of the company's wealth management clients.

This insider, who has been fired, claims he did not intend to use the information for personal financial gain.

"[The employee is] accused of stealing account data on about 350,000 clients...potentially the largest data theft at a wealth-management firm."
- The Wall Street Journal
An article in Forbes noted "Now, after a leak of client data at the hands of one of its own, [this company's] wealth management team will need to work hard to regain trust." Organization's seeking to proactively detect data theft by rogue employees can utilize low-cost on-demand SaaS analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Morgan Stanley Fires Employee Over Client-Data Leak - www.WSJ.com, 01/05/2015

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