Morgan Stanley client accounts breached in social engineering attacks

Sergiu Gatlan reports:

Morgan Stanley Wealth Management, the wealth and asset management division of Morgan Stanley, says some of its customers had their accounts compromised in social engineering attacks.

The account breaches were the result of vishing (aka voice phishing), a social engineering attack where scammers impersonate a trusted entity (in this case Morgan Stanley) during a voice call to convince their targets into revealing or handing over sensitive information such as banking or login credentials.

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