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Showing 1 - 10 of 11 results for "Cybercriminals"

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
The super funds that saw member accounts breached by cybercriminals in April have been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
Cybercriminals attempted to breach 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 ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... While not a unique problem to superannuation, Kumara mooted that the industry may have drawn more attention from cybercriminals over the past year because of the reports spruiking the success and scale of Australia's $4 trillion retirement savings pool. ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... eye to its legal obligations in the pursuit of profit. "Its willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform," she said. "Today's historic penalties and monitorship to ensure compliance ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
... In the latest episode of the Financial Standard podcast, Rao said the super industry is a lucrative target for cybercriminals, due to the sheer size of the funds it manages. "If you think about the systems and the process that are outsourced to IT service ...

Cyber attacks scare directors: WTW

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
... ransomware attacks are healthcare, manufacturing and education. In 2021, we also saw a shift in tactics from the cybercriminals, including one of the first major attacks against critical infrastructure, the highly publicised Colonial Pipeline attack. ...

Cybercrime protection inadequate: Poll

KARREN VERGARA  |  MONDAY, 5 NOV 2018
More than half of Financial Standard readers are not confident they are adequately protected from cybercrime, the latest spot poll reveals. Fifty-four per cent of respondents said they are vulnerable to breaches, hackers and cyberattacks as they have ...

From financial advisers to cybersecurity advocates

MICHELLE BALTAZAR  |  MONDAY, 8 MAY 2017
... become a lucrative market targeting the 'digital' assets of mom-and-dad investors and the big institutions. Worse, cybercriminals are very hard to trace. In the US, law enforcement have only convicted less than 2% of cybercrime activity. Listed companies ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... families and the community, the significant financial loss from investment scams or having your identity stolen by cybercriminals - everyone is at risk," Dawson said. "But the fight against organised crime is no longer just a job for police and law enforcement ...

Trend Micro turns gatekeeper

MICHELLE BALTAZAR  |  TUESDAY, 8 SEP 2009
... personal reasons such as shopping, banking or social networking while still in the office could be opening doors for cybercriminals determined to steal proprietary data for illegal profits," said the group in a media statement. Meanwhile, the other leg ...
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