Saturday, April 20 2024

Morgan Stanley disclosed a data breach after cybercriminals gained access to personally identifiable information through a third-party vendor.

The investment bank was notified of the situation in May 2021 by Guidehouse, a technology consultant that provides account maintenance services for its stock plan management service. The exposed data included customer names, dates of birth, Social Security numbers and company names, according to a letter the firm sent to New Hampshire’s Attorney General.

Morgan Stanley is the latest in a long string of businesses affected by cybercriminals who exploited a vulnerability in the popular file-transfer software Accellion. Other victims affected by the exploited software flaw include the global energy firm Shell, multinational law firm Jones Day, Australian Securities and Investments Commission, Office of the Washington State Auditor, Stanford University, cybersecurity firm Qualys, Flagstar Bank, and others.

The incident draws attention to third-party risks faced by the financial sector. Guidehouse provides services to financial clients, including GRC solutions, loan and loan guarantee services, financial management and financial regulatory advisory services, anti-money laundering, and fraud prevention.

Previous

Cybersecurity M&A and Funding Update: July 09

Next

Cybersecurity M&A and Funding Update: July 16

Check Also

Widget

Don’t Miss

The words Endpoint Detection and Response (EDR) on a green background with lines on the right side of the image

Best Endpoint Detection & Response Platforms

Lara Oporto

Endpoint Detection & Response platforms continuously monitor endpoints for signs of malicious activities, such as unauthorized access or unusual behavior, enabling rapid detection and response to potential cyber threats to safeguard organizational assets. What is Endpoint Detection and Response and how does it work? Endpoint Detection and Response (EDR) is a cornerstone in modern cybersecurity […]

AT&T AlienVault Products Review: OSSIM vs USM

Ellie Buscemi

AlienVault is now the technological basis for AT&T AlienLabs and provides multiple products for different companies’ cybersecurity needs. What AT&T AlienVault Products are Available? In December 2021, CISOstack reported that AT&T intended to acquire AlienVault to expand its cybersecurity offerings to more businesses. Two years later, AlienVault-based offerings make up a large portion of AT&T’s […]

Photo by Simon Kadula on Unsplash.

Navigating Manufacturing IIoT Cybersecurity Challenges

John Powers

Guarding the Gears: Government policy and industry collaboration to mitigate cyberthreats to manufacturers. The smart factory is on the rise. Production lines equipped with advanced sensors can monitor equipment health in real-time and predict potential issues before they disrupt operations. Temperature and humidity sensors can ensure the optimal environment for delicate manufacturing processes. RFID-enabled asset […]

Best Microsegmentation Software

Ellie Buscemi

Microsegmentation allows a company to divide digital assets into smaller, more secure groups, which makes it harder for cybercriminals to take over a company’s data center. What is Microsegmentation? Microsegmentation refers to cyber professionals building layers of cybersecurity protection between groups of digital assets or individual cyber assets. Adding these layers inside instead of only […]

Best Breach and Attack Simulation Platforms

Ellie Buscemi

Breach and attack simulation (BAS) platforms allow companies to see weaknesses in their cyber infrastructures before a malicious hacker can exploit them. What Is BAS – Breach and Attack Simulation? Breach and attack simulation (BAS) is an approach to cybersecurity that uses advanced tools to imitate the attacks used by cybercriminals on companies’ digital infrastructure. […]

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]