Hacks are evolving as cybercriminals become more sophisticated. Morgan Stanley data breach is the latest victim, with attackers stealing customer information. The breach happened when hackers exploited a vulnerability in an Accellion FTA server from Guidehouse, a third-party vendor that provides account maintenance services to Morgan Stanley.
In May, Guidehouse informed Morgan Stanley about the breach. They reported that some customer data had been compromised.
At this point, it is unclear how many Morgan Stanley customers were affected. The company is currently reaching out to impacted clients. While Morgan Stanley has not confirmed it, it’s common for companies to offer 1-2 years of credit protection to customers whose data was compromised. We expect this offer, though it remains unconfirmed.
This breach is concerning because hackers stole both encrypted files and the decryption key.
The stolen data includes:
- Names of stock plan participants
- Physical addresses
- Dates of birth
- Social security numbers
- Company names (where applicable)
With this information, hackers could steal individuals’ identities.
If you have a Morgan Stanley account, watch for a letter from the company. Be sure to monitor your credit statements closely. To be proactive, you can call Morgan Stanley to confirm if you were affected by the Morgan Stanley data breach.
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