FTC closes investigation into Morgan Stanley

The Federal Trade Commission has closed its investigation into Morgan Stanley. In January 2015, Morgan Stanley announced that an employee had stolen the account information of 350,000 wealth-management clients.  The FTC found that certain access controls applicable to a small set of reports were improperly configured, which allowed the employee to access and misappropriate the data.

The FTC reminded all businesses that as employees increasingly use personal websites and a host of online applications, companies should deploy appropriate controls to address the potential risk of broad access to such resources on work devices.

Link: FTC closes investigation into Morgan Stanley