About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Monday, September 1st, 4:55PM
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
  • Bank advice 'an area of concern'
    “In other words, the true home of 'too much selling and not enough advising...’; If someone walks into a bank and says...”
    10 hours ago by Dirty Harry
  • What’s the point of independent advisers?
    “Good work from Mr Berry. The “views paraphrased from the large fund manager” are ridiculous and if these views are...”
    10 hours ago by Brent Sheather
  • What’s the point of independent advisers?
    “Great article. Is one of the problems also that the providers (banks/insurance companies/fund managers etc) don't offer...”
    10 hours ago by btw
  • Leave KiwiSaver alone: Commentator
    “Nice commentary Claire - although by looking at global examples, Politicians (of all parties) can't help but fiddle with...”
    12 hours ago by Clayton Coplestone
  • Higher standards imposed on advisers
    “In my extensive time working with both AFAs and RFAs my experience has been that the quality of risk advise given by RFAs-...”
    1 day ago by Cyril
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 7.24 5.99 6.39 6.65
AMP Home Loans $200k+ 7.14 5.89 6.29 6.55
AMP Home Loans LVR <80% - - 5.85 6.29
ANZ 6.74 6.05 6.49 6.65
ANZ LVR > 90 6.74 6.55 6.99 7.15
ANZ Special - - 5.99 -
ASB Bank 6.75 6.09 6.40 6.65
ASB Bank Special - - 5.99 6.19
BankDirect 6.75 6.09 6.99 6.65
BankDirect Special - - 5.99 6.19
BNZ - Classic - - 5.99 ▼6.19
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.74 5.99 6.39 6.59
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.99 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.15 5.85 5.99 6.25
HBS Special - - - 5.95
Heartland 6.45 6.75 7.00 7.60
Heretaunga Building Society ▲6.70 ▲6.00 6.50 -
Housing NZ Corp 6.74 5.99 6.19 6.60
HSBC Premier 6.84 5.95 5.95 6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Lender Flt 1yr 2yr 3yr
Kiwibank ▲6.65 5.99 6.39 6.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset ▲6.55 - - -
Kiwibank LVR > 80% - - ▼5.89 -
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
RESIMAC LVR < 80% 6.59 6.35 6.58 6.77
RESIMAC LVR < 85% - - - -
Lender Flt 1yr 2yr 3yr
RESIMAC LVR < 90% - - - -
RESIMAC LW DOC - - - -
SBS Bank 6.15 5.85 5.99 6.25
SBS Bank Special - - - 5.95
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 6.09 6.40 6.65
Sovereign Special - - - 6.19
The Co-operative Bank 6.70 6.00 6.00 6.25
TSB Bank 6.74 6.00 6.19 6.60
TSB Special - - ▼5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.99 6.19
Median 6.70 6.03 6.39 6.60

Last updated: 1 September 2014 9:03am

News Quiz

What is the name of a new website aimed at improving the financial literacy of New Zealanders?

Get Smart

Money Sorted

Be Dollar Wise

Financial Literacy for You

The Exchange

MORE QUIZZES »

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