Massive Data Breach Hits Australian Super Funds! Hackers Use Stolen Passwords to Access Accounts
A massive cyberattack has hit major Australian superannuation funds, including AustralianSuper and Rest, compromising thousands of member accounts using stolen passwords in a tactic called “credential stuffing.” While immediate action has been taken, members are urged to update passwords, enable multi-factor authentication, and monitor accounts. This breach is a wake-up call for stronger cybersecurity across Australia’s retirement savings system.