It was recently revealed that financial services firm Morgan Stanley notified 34,000 customers that their personally identifiable information had been lost.
The incident occurred when Morgan Stanley Smith Barney sent a pair of computer discs containing the information to the New York State Department of Taxation and Finance. The discs were missing when the package arrived at the agency.
Data lost in the incident included Social Security numbers, account numbers and tax identification information. However, Morgan Stanley spokesman Jim Wiggins said, "There's no evidence that there was any criminal intent here, or actual misuse of this information."
In response, Wiggins said the company is looking into ways it can improve IT risk management procedures. Specifically, he said, Morgan Stanley will look to improve the data security of such transmissions.
New York State officials first notified Morgan Stanley of the breach on June 8. The company then began a two-week search of facilities and packages, but the missing discs did not turn up.
Citigroup also recently suffered a massive breach that exposed the names, account numbers and email addresses of 200,000 credit card account holders.