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You are at:Home»Editor's Picks»Hackers steal pensioners’ $500,000 savings in Australia
Editor's Picks

Hackers steal pensioners’ $500,000 savings in Australia

April 4, 2025No Comments1 Min Read
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Australia’s largest pension funds have been hit by a wave of coordinated cyberattacks, compromising more than 20,000 accounts and leading to significant financial losses for some members, including a reported theft of A$500,000 from four individuals.

According to a source familiar with the matter, hackers infiltrated multiple funds, including AustralianSuper, Australian Retirement Trust, Rest, Insignia, and Hostplus—some of the country’s biggest retirement savings institutions, managing a combined total of over A$873 billion.

AustralianSuper, which manages A$365 billion for 3.5 million members, confirmed that hackers accessed around 600 member accounts using stolen passwords.

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