Data-Breach Aftermath Threatens Sony and Morgan Stanley Smith Barney

InfoSecurity reports that in June, "Brokerage firm Morgan Stanley Smith Barney recently admitted that personal information on 34,000 investment clients had been lost in the mail, and possibly stolen. The lost information includes clients’ names, addresses, account and tax IDs, income earned on investments, and, for some clients, social security numbers, according to the letters sent to clients obtained by Credit.com."

Attorney Muhammed Aziz blogging for the law firm Abraham, Watkins, Nichols, Sorrels, Agosto & Friend writes that Morgan Stanley Smith Barney is now "handling two class action lawsuits related to the disclosure of confidential information."

Scott Webber blogs on the gamer site RaceDepartment.com in the aftermath of the Sony PlayStation breach (77 Million users affected): “a week after the Rothken law firm filed a federal class action lawsuit against Sony (SCEA) over the PlayStation Network breach, Toronto law firm McPhadden Samac Tuovi LLP files its own lawsuit against the company.

The Canadian law firm claims damages in excess of $1 billion against Sony Japan, Sony USA, Sony Canada and other Sony entities. The company alleges "breach of privacy" and claims that Sony must "pay the costs of credit monitoring services and fraud insurance coverage for two years."