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The hack attack on some of Australia’s largest super funds has exposed serious cybersecurity weaknesses.

$4.2t superannuation sector in crosshairs after cyberattacks

The financial regulator has stepped up scrutiny of the superannuation industry after a co-ordinated attack on some of the country’s largest funds exposed serious cybersecurity weaknesses. 

  • Sumeyya Ilanbey

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Cbus has joined the list of major Australian super funds targeted by hackers.

Cbus caught up in super funds hack

The construction industry superannuation fund says it has reported the attack to the Australian Prudential Regulation Authority and no funds had been transferred out of members’ accounts.

  • Sumeyya Ilanbey
APRA chairman John Lonsdale has put the boards of banks, insurers and superannuation funds on notice.

Ten years is enough: Regulator puts long-serving directors on notice

The APRA is set to call time on long-serving, incompetent and conflicted directors under a planned major shake-up of standards at banks, insurers and super funds.

  • Sumeyya Ilanbey
Cbus chief executive Kristian Fok.

Parties, picnics: Watchdog probes what Cbus spent on CFMEU

The financial regulator has launched another investigation into embattled superannuation giant Cbus over its expenses bill.

  • Sumeyya Ilanbey
A decade-old secret review by former ACCC chairman Graeme Samuel into Cbus was released on Monday.

Secret report reveals super fund’s cosy culture with CFMEU

A review into the culture of the construction industry super fund, commissioned in 2015, has finally seen the light, and it says the fund was too closely linked to the disgraced CFMEU.

  • Sumeyya Ilanbey

ASIC probes Australia’s largest super fund over death benefit payouts

The corporate regulator is investigating AustralianSuper for taking too long to pay out death benefits to beneficiaries of its deceased members.

  • Sumeyya Ilanbey
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The corporate regulator will enter into mediation with Cbus, chaired by Wayne Swan, avoiding a potentially protracted courtroom showdown.

Corporate cop enters into mediation with embattled Cbus

The construction sector superannuation fund has avoided a potentially protracted courtroom showdown that would have brought further scrutiny on its failure to promptly process the insurance claims of thousands of members. 

  • Sumeyya Ilanbey
APRA deputy chair Margaret Cole has put super funds on notice over their expenses bill.

How super funds are spending your money

Australian super funds’ expenses swelled to almost $13 billion last financial year, including a $500 million splurge on an advertising and sponsorship blitz.

  • Sumeyya Ilanbey
Stephen Jones says superannuation funds continue to fall short of “where we need to go”.

Labor sets clock ticking on super funds after death payout scandal

Grieving family members would get faster access to the superannuation of deceased loved ones under mandatory standards the Albanese government plans to introduce if re-elected.

  • Millie Muroi
Joe Longo said ASIC’s high-profile investigation into ANZ was one of the most complex investigations the regulator had undertaken.

‘Serious issues’: ANZ to learn its fate over governance scandal by mid-year

ASIC chair Joe Longo said the probe into allegations ANZ traders manipulated the bond rate was one of the most complex investigations the regulator had undertaken.

  • Sumeyya Ilanbey

Original URL: https://www.brisbanetimes.com.au/topic/cbus-jlc