AI Urged After Cyberattack Hits AustralianSuper: $500K Stolen, MFA Missing

In April 2025, hackers exploited the lack of multifactor authentication in major Australian superannuation funds, stealing AU$500,000 from AustralianSuper accounts. The breach highlights urgent cybersecurity gaps and has sparked a push toward AI-driven threat detection to protect Australians’ retirement savings from evolving digital threats.