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Showing 91 - 100 of 1328 results for "AFFECTED"

AustralianSuper says cyberattack losses total $750k

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... acknowledge the distress it has caused and thank members for their ongoing patience as we continue to work directly with those affected." AustralianSuper chief executive Paul Schroder said while criminals were able to access member accounts, the fund ...

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... said the declines reflected a widespread concern that the economic value of privately held companies has been "severely affected" by the new trade restrictions. "We have not yet estimated how the losses to other asset classes have affected pension funds ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
... government said the US accounted for 4.6% of Australia's goods exports in 2024 and that particular sectors will be more affected by the tariffs than others. "The indirect effects on Australian exports through our other major trading partners, particularly ...

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
... further update over the weekend confirming it had locked impacted member accounts and, where possible, notified those affected via SMS or email. The fund also introduced additional security controls across all member accounts, temporarily disabling certain ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... the systems of several superannuation funds over the weekend, although most attacks were repelled, thousands have been affected. Rest said fewer than 1% of its members have been affected by unauthorised activity on its online Member Access portal over ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... its members - many of whom are "sensitive" personnel in the government and Australian defence force - and is contacting affected individuals to let them know what data is out there and what actions they need to take. CSC chief information security officer ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... account during periods of unreasonable delay... and/or provide suitable and timely remediation to claimants adversely affected by the backlog." The regulator found AustralianSuper did not maintain a central repository of claims data and documentation ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... accounts in the way the law required for the period between 13 March 2019 and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action in October 2024, alleging that the $360 billion super fund's misdeeds stretched back to 10 ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... would apply to breaches fixed within 30 days - including any required mediation - where no more than five consumers are affected, and losses don't exceed $500. It doesn't, however, extend to breaches of client money rules or clearing and settlement ...

ASX reports 'record' revenue for 1H25, lags in listings

MATTHEW WAI  |  THURSDAY, 13 FEB 2025
... introduction of mFunds in 2014. The incident ultimately resulted in the issuance of $1 million credit to participants affected. In light of the debacle, the Australian Securities and Investments Commission (ASIC) has announced an investigation into the ...