NZX censures ASB Securities for 14-year privacy breach

NZX censures ASB Securities for 14-year privacy breach
Dan Brunskill
ASB Securities has been fined $80,000 for a privacy breach which left hundreds of online accounts able to be viewed and traded by users without permission. The New Zealand Markets Disciplinary Tribunal censured the online share trading platform after 576 of its trading accounts were made vulnerable to unauthorised use over a 14-year period. ASB Securities is one of New Zealand’s most popular online brokerage services for DIY retail investors, owned and operated by ASB Bank.   Of the affected accounts, 37 were viewed and six were traded...

More Markets

Delegat provides a bubbly end to NZ reporting season
Markets Market Close

Delegat provides a bubbly end to NZ reporting season

Delegat Group rallied 39c to $4.05 despite a 14% profit decline.

Years of turbulence ahead for Air NZ: Analysts
Markets

Years of turbulence ahead for Air NZ: Analysts

One brokerage has downgraded the airline’s stock to “sell”.

Port of Tauranga seeks support for fast-track tweak
Policy

Port of Tauranga seeks support for fast-track tweak

Fast-track saga overshadows Port of Tauranga 23% profit rise.