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When the security of your device is not only your problem
Posted on 26-Aug-2003 07:58 | Tags Filed under: News

A VP at Morgan Stanley sells his Blackberry on eBay. And withouth knowing with it goes company e-mails, phone books and secret stuff. Where is the security?

Just in another article we commented on a survey in UK where it's reported that stolen PDAs give open doors to corporate networks. But owners have to be always careful.

"After popping a battery into the BlackBerry's back panel, Sacks discovered a few things the previous owner wouldn't have wanted him to see -- more than 200 internal company e-mails from financial services firm Morgan Stanley and a database of more than 1,000 names, job titles (from vice presidents to managing directors), e-mail addresses and phone numbers (some of them home numbers) for Morgan Stanley executives worldwide.

It was all there to read, Sacks said, the minute he turned on the device.

The seller, who asked to remain anonymous, was a former vice president of mergers and acquisitions for Morgan Stanley who'd left the company months earlier.

"If I were Morgan Stanley, I'd be embarrassed," said a source who is an expert in the financial industry. "You should not be able to get that kind of information paying $16 on eBay."

Companies mentioned in the e-mails include technology firms, shipping firms, telecoms and accounting agencies.

The incident serves as a cautionary tale about the ways companies fail to manage sensitive data despite public assurances to the contrary. It also shows how employees who are entrusted with confidential information are often insufficiently trained about the simple yet sophisticated technologies they use."


More information: http://www.wired.com/news/print/0,1294,60052,...
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