Australia’s largest pension funds hit by hackers, thousands of dollars stolen

• Some of Australia’s biggest pension funds hit by cyberattack
• Hackers tried to withdraw hundreds of thousands of dollars
• The government acknowledged the coordinated attacks

Australia’s superannuation industry is experiencing a barrage of cyberattacks which have seen customers already lose more than AU$500,000.

AustralianSuper, Australian Retirement Trust, Rest, Insignia and Hostplus all confirmed breaches, with the former confirming losing 600 member passwords, which cybercriminals tried to use in fraud attacks.