Canberra, April 9, 2025 – Cbus Super and Media Super have reported a significant increase in log-in attempts on their platforms, a trend that coincides with heightened market volatility and increased member engagement.
Cbus, the largest superannuation fund for the construction and building industry, merged with Media Super in 2022, collectively managing the assets of over 920,000 members. The two super funds issued a joint statement regarding the unusual spike in log-in attempts, which follows reports of cyber incidents affecting other major super funds.
The spike in log-in attempts raises concerns about potential cybersecurity threats, especially in light of recent breaches faced by similar organizations. Both funds are closely monitoring the situation to ensure the security of their members’ accounts and personal information.
As the financial landscape remains volatile, Cbus and Media Super are taking proactive measures to address these security challenges. They emphasize the importance of vigilance among members and encourage them to be cautious when accessing their accounts.
This development highlights the ongoing cybersecurity risks faced by financial institutions, particularly as they adapt to evolving threats in a digital environment. The situation remains fluid, and both super funds are committed to safeguarding their members’ assets and personal data.
The reported spike in log-in attempts underscores the critical need for robust cybersecurity measures within the superannuation sector as it navigates increased member activity and potential external threats.
