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Australian pension funds slammed for ‘absolute incompetence’ in wake of cyber attacks
Hackers have targeted the Association of Superannuation Funds of Australia (ASFA), compromising data and leaving several member companies out of pocket. While most of the attackers’ attempts to breach a number of superannuation funds were unsuccessful, several companies were affected and are said to have lost around $500,000 between them in what’s believed to have been a credential stuffing attack.…
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Australian pension funds hit by wave of credential stuffing attacks
Over the weekend, a massive wave of credential stuffing attacks hit multiple large Australian super funds, compromising thousands of members’ accounts. The Association of Superannuation Funds of Australia (ASFA), Australia’s advocacy body for the superannuation industry, said today that “a number of members were affected” even though the “majority of the attempts were repelled.” Reuters has learned from a source…
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