Morgan Stanley Hit With $5 Million Data Breach Suit

Morgan Stanley has been sued for $5 million in connection to claims the financial organization failed to properly safeguard the personally identifiable information of about 100 customers when it decommissioned several pieces of computer equipment without properly scrubbing the stored data. The exposed information may have included account names and numbers (including linked bank accounts), Social Security number, passport number, contact information, date of birth, asset value, and holdings data, but it is unknown if the data was ever accessed.