Several of Australia’s biggest superannuation funds have suffered a suspected coordinated cyberattack, with scammers stealing hundreds of thousands of dollars of members’ retirement savings.
Superannuation funds including Rest, HostPlus, Insignia, Australian Retirement and AustralianSuper have all reportedly been targeted. However, so far AustralianSuper appears to be the worst affected.
It is Australia’s largest superannuation fund. It has roughly 3.5 million members and manages more than $365 billion in retirement savings. In this cyberattack, a handful of its members have lost about A$500,000 in combined savings.
