Feb 192015

Justin Baer reports:

Federal authorities are probing whether a hacker is behind the online publication of a cache of Morgan Stanley ’s client data—and not the financial adviser who was fired in connection with the breach, people familiar with the matter said.

This latest twist raises the possibility that the incident is connected to larger cybersecurity concerns on Wall Street and isn’t an isolated episode tied solely to the questionable judgment of a junior executive.

Morgan Stanley fired the adviser, Galen Marsh , last month after he acknowledged accessing account information on 350,000 of the firm’s wealth-management clients and taking it home with him. His firing occurred not long after details related to 1,200 accounts were posted online along with an offer to sell a larger stash of information.

Read more on WSJ.

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