About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, April 19th, 1:42PM
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
  • Spicers' restraint of trade draconian
    “Yes, a self employed contractor may be dealt with differently than a franchisee in regard to your point made where there...”
    4 days ago by Michael Donovan
  • Pricing chaos in home loan market
    “Why has New Zealand consistently have the highest interest rates in the western world? Why does areas outside of Auckland...”
    4 days ago by Richard
  • Financial literacy tools reach teachers
    “While there are fools and entrepreneurs, there will always be financial inequity. Everyone knows that hire purchase is expensive,...”
    4 days ago by Andy
  • Call for advisers to audit each other
    “Maybe a senior adviser would have good back ground knowledge of the audit requirements and not be a newbie in the audit game,...”
    4 days ago by Gerald Gates
  • Call for advisers to audit each other
    “Thank you Nigel for going into Bat once again for us. I am an AFA specializing in the Family Market, therefore mostly Presenting/Promoting...”
    4 days ago by Lyall Daines
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 6.49 5.69 6.29 6.40
AMP Home Loans $200k+ 6.39 5.59 5.99 6.30
AMP Home Loans LVR <80% - - 5.99 -
ANZ 5.99 5.85 6.49 6.85
ANZ LVR > 80 5.99 6.35 6.99 7.35
ANZ Special - - 5.95 -
ASB Bank 6.00 5.85 6.49 6.85
ASB Bank Special - - - -
BankDirect 6.00 5.85 6.49 6.85
BankDirect Special - - - -
BNZ - Classic - - 5.95 -
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.19 5.85 6.29 6.29
BNZ - Mortgage One 6.60 - - -
BNZ - Rapid Repay 6.19 - - -
BNZ - Std, FlyBuys 6.19 5.85 6.29 6.29
BNZ - TotalMoney 5.99 - - -
Credit Union Auckland 6.20 - - -
Credit Union Baywide 5.85 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Fidelity Life 5.70 5.40 6.00 -
Lender Flt 1yr 2yr 3yr
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 5.90 ▲5.60 ▲5.99 ▲6.35
HBS LVR > 80% - - - -
Heartland 5.95 6.25 6.50 7.10
Heretaunga Building Society 5.75 5.50 6.30 -
Housing NZ Corp 5.75 5.50 6.30 6.40
HSBC Premier 6.24 5.59 6.29 6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - 5.79 -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.90 5.69 5.99 6.40
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 5.60 - - -
Kiwibank LVR > 80% - - 6.29 6.40
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.45 5.95 6.60 -
NZ Home Loans 6.10 5.69 6.29 6.60
Perpetual Trust 7.70 - - -
RESIMAC - lo doc 7.34 7.14 7.49 8.05
RESIMAC LVR < 80% 5.84 5.64 5.99 6.55
Lender Flt 1yr 2yr 3yr
RESIMAC LVR < 85% 6.84 6.64 6.99 7.55
RESIMAC LVR < 90% 7.84 7.64 7.99 8.55
SBS Bank 5.90 ▲5.60 ▲5.99 ▲6.35
SBS LVR < 80% - - - -
Silver Fern 5.95 6.10 6.55 7.05
Southern Cross 5.95 6.25 6.50 7.10
Sovereign 6.10 5.85 6.49 6.85
Sovereign Special - - - -
The Co-operative Bank 5.95 5.65 5.99 6.35
TSB Bank 6.04 5.40 5.99 6.40
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.74 5.85 5.95 6.85
Westpac - Capped rates - 6.19 6.69 -
Westpac - Offset 5.74 - - -
Median 6.00 5.85 6.29 6.85

Last updated: 15 April 2014 9:01am

News Quiz

Who delivered FMA's quarterly briefing in Auckland last week?

new chief executive Rob Everett

Head of Enforcement Belinda Moffat

Head of Compliance Monitoring Elaine Campbell,

Chairman Simon Allen

MORE QUIZZES »

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