Safeguard Your Funds

As small business owners and individuals, we must protect our superannuation and safeguard our funds, especially in light of a recent cyber attack targeting several superannuation funds. These attacks have resulted in unauthorised access to user accounts and, in some instances, the extraction of funds.

Regardless of whether you have directly experienced any impact, now is a crucial time to prioritise the security of your accounts. Rest assured that the mentioned superannuation funds have proactively notified all affected account holders. If you have not received any communication from your provider, you can be confident that your account remains unaffected.

If you are affiliated with any of the following superannuation funds, we recommend reviewing your account and taking the necessary precautions:

• Australian Retirement Trust

• Australian Super

• Hostplus

• Rest

• Insignia

To safeguard your investments and personal information, we advise the following steps:

1. Review Your Account: Access your portal, examine your banking details and contact information. If you detect any irregularities, promptly contact your super fund.

2. Enable Multifactor Authentication (MFA): If MFA is not already enabled, activate it in your portal to enhance security.

3. Update Your Password: Even if there are no immediate signs of compromise, consider changing your superannuation portal password for improved security. For tips on identifying potential compromises, click here.

This incident serves as a timely reminder of the critical need to secure your accounts. We strongly encourage everyone to remain proactive in implementing robust cybersecurity measures. We invite you to explore our blog for additional insights on enhancing your security practices.

Should you have any inquiries or require assistance setting up these security measures, please email us at info@wlw.com.au. Your security is our priority, and we are always here to help.