Australia's largest pension fund, AustralianSuper, has been hit by a massive cyber attack. Prior to the incident, clients of the fund had questioned the firm's security practices, with doubts rising about the level of protective measures in place to secure customer data.

The data breach impacted hundreds of customers, with one reportedly losing $406,000. In response, the fund is promising to cover client losses using "fund reserves." Read more about this story on our LinkedIn page