Australia’s biggest superannuation fund was questioned by its own clients about a security weakness in its accounts before cybercriminals stole hundreds of thousands of dollars in retirement savings.
ABC Australia reports:
Two AustralianSuper customers have told the ABC they had asked for multi-factor authentication (MFA) on their accounts but were rebuffed — one of them just weeks before the cyber attacks.
AustralianSuper appears the worst hit by attacks on several funds late last month, with about 600 of its more than 3 million members affected.
The fund has reportedly vowed to draw from “fund reserves” to cover customer losses, including $406,000 stolen from a pensioner.
Read more at MSN.
