Hoboken Man Admits To Stealing Data Treasure Trove From Banking Giant
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Hoboken Man Admits To Stealing Data Treasure Trove From Banking Giant
A Hoboken financial adviser has pleaded guilty to illegally acquiring confidential client information from banking giant Morgan Stanley.
On Monday, Galen Marsh, 31, of Hoboken, pleaded guilty to unauthorized access to a computer in federal court.
According to a release from the U.S. Attorney’s Office, while employed as a financial adviser, Marsh obtained unauthorized access to confidential data on approximately 730,000 Morgan Stanley clients.
In total, Marsh conducted a total of approximately 6,000 unauthorized searches in the bank’s computer systems, and illegally acquired data including names, addresses, telephone numbers, account numbers, fixed-income investment information and account values from about 730,000 client accounts, prosecutors said.
Marsh then uploaded the data to servers on his home computer and used it for his personal advantage, prosecutors stated.
In addition, from October of 2013 to December of 2014, Marsh engaged in talks regarding potential employment with two of the bank’s competitors.
Source:patch.com