$4.2t superannuation sector in crosshairs after cyberattacks

Victoria police take over super breach investigation

Anthony Albanese said he had not discussed the cyberattack that allowed criminals to siphon money from customer accounts with Labor national president and Cbus chairman Wayne Swan.

$4.2t superannuation sector in crosshairs after cyberattacks

The financial regulator has stepped up scrutiny of the superannuation industry after a co-ordinated attack on some of the country’s largest funds exposed serious cybersecurity weaknesses.

The Week in Breach News: 04/02/25 – 04/08/25

A $1.5 million BEC loss in Baltimore, MD, hackers hit Australian pension funds & building a cyber-resilient workforce. The post The Week in Breach News: 04/02/25 – 04/08/25   appeared first on ID Agent.

SMSFs not immune to cyber attacks - Financial Newswire

Even before the regulators move to deal with the cyber attacks on major Australian Prudential Regulation Authority (APRA) regulated funds, the SMSF Association has warned trustees to remain alert and proactive. SMSF Association chief executive, Peter Burgess said that no part of the superannuation sector is a immune from cyber threats – including SMSFs. “We are not aware of SMSFs being targeted in these most recent attacks, but given the fragmen…

Over 26,000 Dark Web Discussions Focused on Hacking Financial Organizations

Radware’s comprehensive research into the cybersecurity landscape has uncovered significant trends shaping the financial services industry’s vulnerabilities in 2024. The analysis, conducted across 46 deep-web hacker forums, identified over 26,000 threat actors’ discussions that revealed increasingly sophisticated cyberattack methods. The study highlights the adoption of advanced tools and strategies by cybercriminals, underscoring the urgent nee…

From MFA to the sock drawer: SMSF security

SMSFs must employ professional security protocols to protect their assets in the wake of an increased number of cyberattacks.