Fired Morgan Stanley professional seeks to avoid jail

A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.

Bloomberg News reports that Galen Marsh is asking a judge to spare him from prison, saying all he was trying to do was analyze the client information from his New Jersey home before it was stolen and posted on the Internet.

Federal officials have confirmed the data was 'compromised' during the period it was stored on his private server, according to his lawyer.

'It is probable that the client data was extracted from Mr. Marsh’s home as a result of outside hackers', lawyer Robert Gottlieb wrote to U.S. District Judge Kevin Duffy. 'Based upon conversations with representatives of Morgan Stanley, we learned that hackers emanating from Russia were suspected of posting the information and offering to sell it online'.

Hit the link below to access the complete Bloomberg article:

Ex-Morgan Stanley Worker Says Russians Suspected in Hack

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