Be a super hero and fight cybercrime
Read how the Australian Government and LGIAsuper protect you and your financial future and what you can do to help.
Technology is integral to any organisation’s success and plays a big part in all of our day to day lives.
Yet as technology advances so too does the opportunity for new types of fraud, identity theft and scams, as criminals find ways to exploit the use of computers, the internet and technology to commit their crimes.
Traditionally, banking institutions have borne the brunt of these activities however Australia’s super industry is not immune.
In fact a recent survey conducted by the Australian Prudential Regulation Authority1 (also known as APRA) suggests cyber threats and incidents within the $1.8 trillion superannuation industry are increasing and range from denial of service to malicious software attacks such as worms, viruses and trojans as well as fraud.
While it might sound scary, it’s reassuring to know there are measures in place to combat cybercrime and to protect you, your personal information and financial future.
Key government initiatives
In response to a nation-wide rise in serious and complex financial and super-related fraud, the Australian Government’s Serious Financial Crimes Taskforce was established to work across government agencies to specifically identify and address it.
In conjunction with the Australian Crime Commission and state and territory police it has also set up an advisory and complaint referral service, Australian Cybercrime Online Reporting Network (also known as ACORN), to help people report online scams and fraud.
What we do
LGIAsuper works hard to keep your information and super savings safe. We collaborate with governing bodies such as the Australian Securities and Investment Commission and APRA to ensure the right systems and processes are in place.
We operate within a secure environment and have stringent internal controls such as information technology systems and personnel and administrative processes to minimise the risks. As part of our digital transformation we’ll continue to invest in new technologies and ways to combat potential threats to continue to protect you and your super.
How you can help
There are things you can also do to fight cybercrime and protect your super and personal information. We recommend you take the time to learn about the different types of online fraud and scams and things you can do to prevent it. Try these trusted Australian Government sites:
- Australian Federal Police: read the online fraud and scams section
- Stay Smart Online: shows you what steps to take to protect you identity
- Office of the Australian Information Commissioner: Privacy factsheet
Contact our trusted and reliable team if you have any questions or concerns.
1.Information paper, 2015/16 Cyber Security Survey Results, September 2016, Australian Prudential Regulation Authority, www.apra.gov.au