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Australian superannuation funds hit by hackers

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Australian superannuation funds have been focused by cyberattacks, disrupting entry for members of a few of the nation’s largest retirement funds.

Many members have skilled issue accessing their accounts, with some accounts incorrectly displaying a zero stability.

AustralianTremendous, the nation’s largest superannuation fund with a minimum of 3.5 million members and billions of {dollars} in investments, has been the goal of 600 cyberattacks within the final month, ABC News reported on Friday.

“This week, we identified that cybercriminals may have used up to 600 members’ stolen passwords to log into their accounts in attempts to commit fraud,” the fund mentioned in an announcement on its web site.

Four members reportedly misplaced a complete of $500,000 because of the assaults.

“Even though you may not be able to see your account or are seeing a $0 balance, your account is secure,” the assertion added.

The Association of Superannuation Funds of Australia, the trade physique representing superannuation funds, launched an announcement saying that different funds additionally skilled tried cyberattacks over the weekend.

Albanese acknowledged the incidents, saying he was “informed” of the scenario.

“We will respond in time. We are considering what has occurred. Bear in mind the context… there is a cyberattack in Australia roughly every six minutes. This is a regular issue,” Albanese informed reporters.

Source: www.anews.com.tr

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