Multiple large superannuation funds have been targeted in suspected cyber attacks that led to some members losing several thousand dollars in retirements savings. Hostplus, Rest, AustralianSuper and Australian Retirement Trust are among the providers targeted. The attacks were discovered over the weekend, and follow rising reports of online security threats in Australia with a cyber crime reported every 6 minutes.
Cyber experts say there were “major security weaknesses” in the superannuation sector that had been flagged, and the breach should be a wake-up call for the industry.
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Source: MSN News
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