Justin Baer reports:
Morgan Stanley suspected that Russian hackers stole client data from a former financial adviser who pleaded guilty to illegally accessing the bank’s computers and taking the information home with him.
Galen Marsh, who was fired from the Wall Street firm in January for viewing and copying account information on other advisers’ clients, pleaded guilty in September to one felony count of exceeding authorized access to a computer. But Mr. Marsh had always maintained that he wasn’t responsible for some of the client data appearing online on a text-sharing website, and that he didn’t offer to sell the information.
In a recent court document filed ahead of Mr. Marsh’s sentencing hearing, Mr. Marsh’s lawyers wrote that “based upon conversations with representatives of Morgan Stanley, we learned that hackers emanating from Russia were suspected of posting the information and offering to sell it online.”
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