Australian Retirement fund hacked

[Caute_cautim]

Hi All

Hackers targeting Australia's major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts.

National Cyber Security Coordinator Michelle McGuinness said in a statement she was aware of "cyber criminals" targeting accounts in the country's A$4.2 trillion retirement savings sector and was organising a response across the government, regulators and industry.

https://www.rnz.co.nz/news/business/557223/hackers-strike-australia-s-largest-pension-funds-in-coord...

Regards

Caute_Cautim

[akkem]

Thanks for the details @Caute_cautim

This is yet another stark reminder that no sector is immune, even heavily regulated and economically critical as the retirement and pension industry. 

Breaches like this are no longer just IT issues—they are national security and economic stability risks.  We must:

• Shift from reactive to proactive defense

• Implement zero trust and real-time monitoring across critical systems

• Regularly validate access controls and customer authentication mechanisms

• Invest in security awareness at all levels, especially for internal and third-party actors