Original article by Cliona O’Dowd
The Australian – Page: 2 : 9-Apr-25

The 74-year old woman who lost more than $400,000 from her AustralianSuper account when it was targeted by scammers informed the industry super fund of the fraud on 28 March. The siphoned money was channeled through five separate Commonwealth Bank of Australia accounts, but it has been revealed that AustralianSuper did not inform CBA of the fraud until 3 April. The co-ordinated cyber-attack also targeted several other major industry super funds, although AustralianSuper is the only one to have confirmed that its members have lost money. The Australian Prudential Regulation Authority has increased its oversight of the super industry in the wake of the cyber-attack.

CORPORATES
AUSTRALIANSUPER PTY LTDCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAAUSTRALIAN PRUDENTIAL REGULATION AUTHORITY