Hackers Strike Australia’s Largest Pension Funds in Coordinated Attacks

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Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, Reuters is reporting, citing a source, and compromised more than 20,000 accounts. National Cyber Security Coordinator Michelle McGuinness said in a statement she was aware of “cyber criminals” targeting accounts in the country’s A$4.2 trillion ($2.63 trillion) retirement savings sector and was organising a response across the government, regulators and industry. The Association of Superannuation Funds of Australia, the industry body, said “a number” of funds were impacted over the weekend. While the full scale of the incident remains unclear, AustralianSuper, Australian Retirement Trust, Rest, Insignia and Hostplus on Friday all confirmed they suffered breaches.

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