Have you check your retirement fund account recently?

How would you feel if you find your Superannuation funds missing?

People usually worry about data breach and cyber-attack heading to their bank accounts and credit cards. But hackers are ALSO interested in hacking their future money, i.e. the retirement fund.

The alarming incident in early April 2025 has alerted many Australians to the risks of data breaches. There is no peace of mind, even when their personal information is handled by large, highly regulated financial institutions.

According to the news, at least five super funds were affected, including Rest, AustralianSuper, Australian Retirement Trust, Hostplus, and Insignia. The most significant breach occurred at Rest, where 8,000 accounts were compromised, though no funds were stolen as of the date of writing. AustralianSuper saw 600 passwords stolen, resulting in four customers losing a combined $500,000. Other funds reported suspicious login attempts but claimed no financial losses.

Authorities and cybersecurity experts are urging Australians to remain vigilant, as scammers may exploit the panic surrounding the breach to launch further phishing attacks. The government and affected funds are working to identify vulnerabilities and strengthen security measures.

Would you like advice on protecting your online accounts from potential attacks?

Consider taking a look into The Australian Essential 8 published by the Australian Signal Directorate's Cyber Security Centre. It is a set of eight different strategy and suggestions to strengthen your data security defense against most common cyber-attack.

Check out the Australian Essential 8 and start with the advice depicted in the Maturity Level One.

For a company with a higher level of IT maturity, it is more appropriate to advance to Maturity Level Two.

Read here Essential Eight maturity model | Cyber.gov.au

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