Tag: identity theft protection
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Australian Superannuation Funds Face Cyber Attacks, Funds Compromised
Several Australian superannuation funds fell victim to cyber attacks, resulting in the theft of substantial amounts of money from members. Among the targeted providers were Hostplus, Rest, AustralianSuper, and Australian Retirement Trust. The breaches, which were detected following a surge in online security threats in Australia, highlighted significant vulnerabilities in the superannuation sector. Pacify 3…
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Superannuation Sector Urged to Strengthen Identity Security Measures
When a wave of credential stuffing attacks hit Australia’s $4 trillion superannuation sector in April, it led to widespread issues. Websites and call centres were not set up to handle the volume of member inquiries about the safety and accessibility of their funds and buckled under pressure. This not only fell short of customer expectations…