Friday, September 25, 2015

Bank Insider Stole 700,000 Customer IDs Over Three Years

A former wealth management adviser at a multinational financial services institution pleaded guilty to stealing confidential information on more than 700,000 client accounts over a three and a half year period.

He illegally accessed account holders' names, addresses and other personal information, along with investment values and earnings, from computer systems used by company to manage confidential data.

"Experts Question Why Company Didn't Detected Unauthorized Access Sooner"
- Banking Info Security
Experts are questioning why these breaches went on for so long. But the only method to detect such inappropriate access by an insider is with second generation behavioral analytics.
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) Guilty Plea in Morgan Stanley Insider Breach - www.BankInfoSecurity.com, 09/25/2015

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