Brokerage loses client data CDs


  • Business
  • Friday, 08 Jul 2011

BANGALORE: Brokerage Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup, said personal information of 34,000 investment clients stored on two CDs was lost in transit to a government office last month, the Wall Street Journal reported citing a company spokesman.

The CDs were protected by passwords but not encrypted and went missing after the company mailed them to the New York State Department of Taxation and Finance, the Journal reported on its website.

The package appeared to be intact when it reached the department but the discs were gone by the time the package reached the intended recipient, the Journal cited the spokesman as saying. - Reuters

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