Hackers strike Australia's largest pension funds in coordinated attacks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
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Source: Reuters
Cyber Attacks on Australian Pension Funds: Hackers have targeted major Australian pension funds, compromising over 20,000 accounts and stealing member savings, with AustralianSuper reporting the theft of up to 600 passwords and significant financial losses for some members.
Government Response and Cybersecurity Measures: The Australian government is coordinating a response to these cyber threats, with Prime Minister Albanese acknowledging the frequency of such attacks and highlighting a commitment of A$587 million to enhance cybersecurity over the next seven years.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
