Cybersecurity
Cyber Attackers Steal Thousands From Australian Pension Funds
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Some members of AustralianSuper, the country’s top pension fund, have lost substantial amounts of retirement savings in industry-wide cyber attacks that potentially compromised the personal data of thousands.
AustralianSuper confirmed on Friday that cyber criminals may have used up to 600 members’ stolen passwords over the past week in their attempts to commit fraud. The A$365 billion ($228 billion) fund sought to reassure members their savings were safe, even if their accounts currently showed a zero balance.