About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, August 31st, 9:59AM
rss
Latest Headlines

NZ Funds burglar caught

NZ Funds reveals who broke into its offices last month and stole sensitive client information.

Sunday, December 9th 2001, 10:48AM

by Philip Macalister

The person who broke into New Zealand Funds Management offices and stole computer tapes containing sensitive client information was a security guard working in the building.

NZ Funds principal Glenn Wright says the man who broke into the offices has been arrested, confessed to the crime (and other crimes committed in the ANZ Centre) and charged.

The arrest puts to bed theories of corporate espionage or someone wanting to poach NZ Funds' 27,000 clients.

"From what the suspect has said, there appears to have been no intention to specifically target NZ Funds. Rather, it was random that he went to our floor," Wright says.

"The removal of the computer tapes appears to have been a spur of the moment act rather than a planned one.

"The suspect stated that shortly after he removed the tapes he threw them into the jumbo bin in the office carpark."

The bin is emptied regularly and NZ Funds believes that the tapes are now in a rubbish fill and consequently would be damaged and unusable.

"Although it now appears that the data tapes have not been put to any malicious use, we are continuing with the use of new customer account numbers."

Because the man was a security guard in the building he had access to keys and swipe cards.

"(This) provides a simple explanation for what appeared to have been a sophisticated break-in," Wright says.

The firm that was responsible for the ANZ Building, which houses other financial services firms including CS First Boston, ANZ Funds Management, FundSource and BT Funds Management, has been replaced.

"While this has been a very unwelcome incident, we are very pleased that the matter has been brought to closure in a remarkably short period," Wright says.

Earlier story


Burglars break into leading fund manager's office

You can read Philip's blog here: http://www.goodreturns.co.nz/blog/

« Commission closes mortgage brokersSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Associations swerve Money Week
    “Call me a cynic, but "Financial Planning NZ is operating a retirement planning seminar for Chinese migrants, Craigs Investment...”
    1 hour ago by smitty
  • Client interests: first, best or last?
    “Sadly I agree with Graeme Tee's sentiment. The financial services industry must start working together to change the perceptions...”
    3 hours ago by Pragmatic
  • Resigned FSC members rejoin
    “OK – so to repeat: Industry body commissions report on industry Members don’t like report and resign in protest Industry...”
    3 hours ago by Pragmatic
  • Client interests: first, best or last?
    “The IFA are continually telling consumers and advisers alike that their members are true professionals and should be viewed...”
    21 hours ago by Graeme Tee
  • Stewart nails third capital raising
    “Well done to Lifetime and Ralph Stewart. I'm interested in the development of the Superannuation Fund for pension transfers....”
    21 hours ago by Another AFA
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.59 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.75 4.89
ASB Bank Special - 4.25 4.29 4.34
BankDirect 5.55 4.69 4.75 4.89
BankDirect Special - 4.25 4.29 4.34
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.29 4.49
BNZ - Std, FlyBuys 5.64 4.85 4.89 4.99
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.75 4.89
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - 3.79 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.29
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 4.29 -
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.45 4.69 4.75 4.75
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 4.29 4.29
Perpetual Trust 7.70 - - -
Resimac ▼5.19 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.15 4.55
Sovereign 5.65 4.69 4.75 4.89
Sovereign Special - 4.25 4.29 4.34
The Co-operative Bank 5.45 4.25 4.29 4.49
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.65 4.79 4.85 4.99
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 4.29 4.49
Median 5.65 4.69 4.75 4.89

Last updated: 29 August 2016 9:32am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com