Howard Diamond Quoted
By Andrew Welsch and Suleman Din
Morgan Stanley joined a growing list of prominent corporate brands to suffer a data breach, after it revealed an employee stole the information to as many as 350,000 wealth management clients, and that some of the data was posted online.
The event reminds firms, advisors and clients of the ever-evolving and ubiquitous threat of data breaches.
“Unfortunately these incidents are becoming so common,” says Howard Diamond, managing director of financial advisor recruiters Diamond Consultants. “It’s a problem for any major company, not just Morgan Stanley. I don’t know what the answer is.”
