Blog

Morgan Stanley Banking Latest To Get Hit By Data Breach

Jul 23, 2021 | Blog

Hacks continue to evolve as the hackers themselves get increasingly sophisticated. One of the most recent victims is investment banking giant Morgan Stanley. Their network was breached after the attackers stole personal information belonging to their customers by hacking into an Accellion FTA server belonging to a third-party vendor, then using that information to breach Morgan Stanley’s network.

The third-party vendor in question, Guidehouse, provides account maintenance service to Morgan Stanley. They notified the banking giant back in May that they had been breached and that some information belonging to Morgan Stanley customers had been compromised.

At this time it is unclear just how many of Morgan Stanley’s customers have been impacted, but the company is in the process of reaching out to all who were impacted to let them know. Although the company has not indicated as much, it’s fairly standard practice for firms to offer 1-2 years of credit protection to customers who have had their data compromised. Odds are excellent that this will be the case here. Although again, that has not been confirmed at this point.

In any case, this is a serious breach, regardless of scope and scale, because the hackers were able to make off with both encrypted files and the decryption key to unlock them.

The stolen data includes:

  • Stock plan participants’ name
  • Physical address
  • Date of birth
  • Social security number
  • And company name, where applicable

In other words, more than enough information to steal an individual’s identity.

If you bank with Morgan Stanley, be on the lookout for a letter from the company and watch your credit statements like a hawk. If you want to take a more proactive stance, give them a call to verify whether or not you are among the impacted users.

FBI Program Tasked with Infrastructure Security Compromised

FBI Program Tasked with Infrastructure Security Compromised

The FBI program tasked with ensuring critical infrastructure security has been compromised by hackers, who now offer access to the program's data on the dark web. The breach was initially disclosed by Brian Krebs of Krebs on Security, who claims that the data was for...

Streamline Your Business with the Latest Smart Home Technology

Streamline Your Business with the Latest Smart Home Technology

Are you a business owner looking to get the most out of your Google smart home devices? If so, you're in luck! Google has enabled its Nest products and Android OS with the initial rollout of the Matter smart home standard. This means that businesses now have the...

Data Breach at Sequoia One Exposes Sensitive Customer Information

Data Breach at Sequoia One Exposes Sensitive Customer Information

What do you do when your most personal information has been compromised? This is likely the question that customers of Sequoia One asked themselves earlier this month as they were informed that the company had been hacked. Sequoia One specializes in the management of...

Cisco Reports Critical IP Phone Vulnerability

Cisco Reports Critical IP Phone Vulnerability

As a business owner, it's important to stay informed about potential vulnerabilities that could impact your organization. Recently, Cisco reported a critical vulnerability, tracked as CVE-2022-20968, affecting its IP Phone 7800 and 8800 Series. This new vulnerability...

Google Chrome Releases Two New Features

Google Chrome Releases Two New Features

Google Chrome is one of the more commonly used web browsers. Over the years, though, Chrome has gained a reputation for utilizing a large portion of a computer's memory. This can be a problem if you're running other resource-intensive tasks and don't want to slow...

Get a Free Consultation

 

Fill out the form below to receive a free consultation and learn how we can make your technology worry-free!

 

Contact Information

  • 39301 Badger Street, Suite 500
    Palm Desert, CA 9221
  • (760) 333-8523
  • info@icn.tech