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The Guardian - AU
The Guardian - AU
National
Josh Taylor

$500,000 stolen in Australian super fund data breach

The logo of Australian Super is seen on a phone screen
A cybersecurity expert has warned a practice used by hackers known as ‘credential stuffing’ is on the rise, and advised people to use strong unique passwords. AustralianSuper has confirmed four of its members had a collective $500,000 taken from their accounts. Photograph: Lukas Coch/AAP

Hackers have targeted Australian superannuation funds this week, with a small number of customers losing a combined half a million dollars, and compromising some members’ data, the industry’s peak body says.

The Association of Superannuation Funds of Australia (ASFA) said in a statement on Friday that hackers attempted to breach the cyber defences of a number of superannuation funds last weekend. While the majority of attempts were stopped, several companies were affected, it said.

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