March 1, 2011

Morgan Stanley Experiences Network Hack

Bloomberg reported on Tuesday that Morgan Stanley experienced a "very sensitive" break-in to its network by the same China-based hackers who attacked Google Inc.'s computers over a year ago.

Emails from the Sacramento, California-based computer security firm HBGary Inc. said that Morgan Stanley considered details of the intrusion a closely guarded secret.

Phil Wallisch, a senior security engineer at HBGary, told Bloomberg that he read an internal Morgan Stanley report detailing the "Aurora attacks."

According to the report, the HBGary emails do not indicate what information may have been stolen from Morgan Stanley's databanks or which of the world's largest merger adviser's multinational operations were targeted.

"Morgan Stanley invests significantly in IT security and manages a robust program to deal with malware and attempted computer compromises," spokeswoman Sandra Hernandez said in a statement emailed to Reuters.

Chinese Foreign Ministry spokeswoman Jiang Yu said that China opposed any kind of hacking attempt.

"We often hear this kind of story. I don't know if related parties have reported this to the relevant authorities asking China to cooperate," Jiang told a regular news briefing.

"We will use the law to go after any kind of hacking or crime on the Internet," she added.


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