Australia’s largest pension funds have suffered a series of coordinated cyberattacks, compromising over 20,000 accounts and leading to major financial losses, including A$500,000 stolen from four individuals.
Hackers reportedly infiltrated multiple funds, including AustralianSuper, Australian Retirement Trust, Rest, Insignia, and Hostplus—institutions managing over A$873 billion in retirement savings.
AustralianSuper, which oversees A$365 billion for 3.5 million members, confirmed that about 600 accounts were accessed using stolen passwords.
