Morgan Stanley customers in the UK are the latest to be
affected by the theft of personal details of around 2,000
MasterCard credit cardholders.
Earlier this week it was reported that customers with the
Clydesdale Bank were having their MasterCards cancelled and
replaced following the theft. Morgan Stanley is now following
suit.
Other banks may also issue replacements as a result of the
theft, which may be linked to the recent theft of many thousands of
MasterCard customer details in the US.
MasterCard admitted that a security breach last week allowed
fraudsters to steal the credit card details of UK customers.
MasterCard said at the time that it had “been made aware of this
breach and took immediate action together with the banks
concerned”.
MasterCard added, “In order to protect cardholders, MasterCard
and its card-issuing banks operate state-of-the-art, multi-level
fraud monitoring systems. Together, we look for patterns of
activity consistent with fraud. Issuers can then monitor their
cardholders’ accounts closely for fraudulent activity, and may
reissue cards or take other actions if they suspect fraud has
occurred.”
An international fraud ring is believed to have been involved in
the US data theft, and customers around Europe were said to have
been affected.