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APRA’s warning comes after various major super funds were targeted in cyberattacks earlier this year.

‘Persistent weaknesses’: Why your super account security might not be up to scratch

Super accounts have long been an attractive target for fraudsters, and on Tuesday, the regulator said funds’ current controls were not always good enough.

  • Clancy Yeates

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KPMG’s head of asset and wealth management, Linda Elkins.

Our super funds are good at making money but face a rising challenge

High-profile court cases from the corporate cop, and cyberattacks on funds have underlined the pressure on super funds to improve their service to members.

  • Frances Howe
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
ANZ CEO Shayne Elliott (right) and chairman Paul O’Sullivan.

ANZ blasted for years-long governance failures, slapped with $1 billion capital charge

ANZ has been forced to do a widespread review into its entire organisation after the financial regulator flagged issues stemming from the bonds trading scandal “may be present in other parts of the bank”.

  • 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
People with HELP debts may be able to borrow more or find it easier to get a mortgage under new government plans.

Banks told to ignore student debt when weighing up home loans

Millions of Australians collectively carrying more than $43 billion in student debts have faced problems getting a mortgage. Now they may have a chance to buy a home.

  • Shane Wright
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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
Michael O’Connor, pictured this week, has defended his conduct on the board of First Super.

Union boss denies misusing position as super fund board director

Long-serving union secretary Michael O’Connor is facing a court-sanctioned ban as a super fund director after APRA sued him last year.

  • 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

Original URL: https://www.smh.com.au/topic/australian-prudential-regulation-authority-jl7