by Greg Guenthner
Daily Reckoning
Hackers are back with their dirty little tricks…
Identity theft is starting to catch up to major corporations that haven’t done enough to protect sensitive customer data.
Morgan Stanley just coughed up a $1 million fine to the SEC because the company did not have enough security in place to prevent a former advisor from stealing client data…
“The settlement resolves allegations related to Galen Marsh’s unauthorized transfers from 2011 to 2014 of data from about 730,000 accounts to his home computer in New Jersey, some of which was hacked by third parties and offered for sale online,” Trust Advisor reports.