Multiple super funds in Australia including AustralianSuper, Rest, Insignia, The Australian Retirement Trust and Host-Plus have been hit by a coordinated cyberattack according to a report by 9News Australia.
The cyberattack includes stolen passwords used to target members’ accounts.
9News reports that it has confirmed that at least four AustralianSuper customers have had funds stolen in the attack. The losses are believed to be in the “low hundreds of thousands”.
According to the publication, The National Cyber Security Coordinator, Lieutenant General Michelle McGuinness, confirmed that federal authorities were aware of the breach.
“I am aware cybercriminals are targeting individual account holders of a number of superannuation funds,” Lieutenant General McGuinness said.
“I am coordinating engagement across the Australian Government, including with the financial system regulators, and with industry stakeholders to provide cyber security advice.
“If you have been impacted or are concerned you may have been impacted, follow the advice provided by your super fund.”
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