Summary
ROSELAND, N.J. (HedgeWorld.com) - Thieves stole a Bisys Group Inc. employee's truck in Newark, N.J., last month, and in the process made off with several computer storage tapes containing the personal information of more than 61,000 investors in hedge funds that do business with Bisys RK Alternative Investment Services Inc.
Bisys provides administration services to hedge fund clients, and this particular branch of the firm, Bisys RK, which Bisys formed when it bought part of Rothstein Kass LLP last year, sent backup tapes with a Bisys employee each night to a storage facility. On June 8, the employee's truck was stolen from outside a technology school in downtown Newark. It was found two days later in an area that Bill Neville, president of Bisys's Alternative Investment business, described as "sort of a bad part of Newark."See the full content of this document
Extract
Bisys Discloses Data Theft
Newark police investigated, and all the evidence pointed to someone taking the truck for a joyride and swiping anything not bolted down or otherwise attached to the truck, including the tapes. In othe...
See the full content of this document
Sponsored links
