A USB stick with sensitive
information about 1200 clients of a life insurance company -
including personal bank account details - has been stolen
from an employee's car.
Fidelity Life chief executive Milton Jennings said the stick
had been in an employee's satchel which he left in his car as
he attended a meeting at the company's Lower Hutt office.
"Unfortunately somebody broke in and stole the satchel. They
probably threw it away but as a precaution we had to contact
police, the Financial Markets Authority and the Privacy
Commissioner, and also the clients."
He said the information related to Fidelity Life's recent
acquisition of Tower Health and Life and contained details of
people who had investments with Tower.
"Probably the worst situation was details of investments that
they held," he said.
There were also personal bank account and other details on
It did not contain information about Fidelity Life customers
or their policies, Mr Jennings said.
The employee who left the stick in his car had been with the
company only a few months.
He had been stood down while the matter was reviewed, Mr
The company sent a letter to affected customers offering its
"I would like to assure you that the confidentiality of our
clients is of the utmost importance to us and we are
extremely concerned this incident occurred," it said.