A coordinated cyber attack targeted several major Australian pension funds, leading to the theft of A$500,000 and potential compromise of personal data for thousands of members. Despite the significant threat, AustralianSuper assured its members that their savings remain secure. The breach affected multiple funds, including Rest and Australian Retirement Trust, who reported suspicious activities. The attack highlights the increasing vulnerability of retirement savings amid rising cybercrime targeting financial institutions globally, and has prompted immediate security measures across affected organizations.
The attack appears to be widespread across Australia's pension sector, affecting not only AustralianSuper but also Rest and the Australian Retirement Trust.
Rest CEO Vicki Doyle emphasized that no member funds were transferred during the incident, despite the entry to the online member portal.
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