South Korean e-commerce giant Coupang has confirmed a massive data breach exposing the personal information of 33.7 million customers. The incident, which began in June 2025, is one of the largest in the nation's history and is linked to a former employee's active credentials.
Abu Dhabi-based Kingpin has secured US$3.5 million in seed funding to scale its AI-native SaaS platform for global B2B retail distribution. The investment will fuel expansion into Europe and North America, targeting entrenched inefficiencies in wholesale trade with intelligent automation.
A series of cyber attacks on Australian defence supply chain contractors has exposed sensitive material relating to major weapons programs, including the Redback infantry fighting vehicle.
Australia is facing a double threat to its financial security: cyberattacks on major superannuation funds and the fallout from Trump’s “Liberation Day” tariff declaration. Both have exposed deep vulnerabilities in retirement savings, leaving Australia’s future wealth increasingly at risk.
Australia is facing a dangerous convergence of threats—one digital, the other economic—that has shaken confidence in the country’s long-term financial security. A wave of coordinated cyberattacks on major superannuation funds, including AustralianSuper, Hostplus, Rest, and Insignia Financial, has left thousands of retirement accounts compromised.
At the same time, markets are reeling from the fallout of Donald Trump’s “Liberation Day” tariff declaration, which has triggered global instability and pushed down asset values. For Australia, the implications are profound: retirement savings are under siege from both internal security failures and external economic shocks.
The Minister for Cyber Security, Tony Burke, was asked about the issue by Sky News.
"Every business in Australia needs to be upgrading its security. And any time that any business is attacked then you need to make sure you are upgrading. And the co-ordinator is happy with the work that is happening with the super funds in terms of the upgrades that will be happening as a result of this specific attack."
In a recent video update, Australia’s National Cyber Security Coordinator reinforced the need for vigilance, noting that cybercriminals often exploit fear and uncertainty during ongoing incidents.
Leading cyber security experts have also sounded the alarm. Professor Paul Haskell-Dowland of Edith Cowan University described the super funds as "high-value targets sitting on vast capital" and warned that their failure to implement basic protections like multi-factor authentication left them wide open.
“This isn’t just about cyber hygiene. These attacks expose a structural weakness in how we protect national wealth,”
he said. Professor Toby Murray of the University of Melbourne echoed the concern, pointing out that many of the compromised accounts were likely unprotected by MFA, a lapse that would be unthinkable in other financial sectors.
Consumer watchdogs are equally damning. Katrina Ellis, Deputy CEO of Super Consumers Australia, said,
“Regulators and consumer groups have warned the super industry for years. There’s no excuse. The technology is available, the guidance is clear, and yet many funds have simply failed to act.”
With equity markets now in sharp decline and geopolitical risks escalating, Australia’s superannuation system appears ill-prepared for the compounding risks it faces. The warning signs are no longer theoretical—this is a moment of reckoning. If left unaddressed, the convergence of cyber exposure and economic vulnerability could mark the beginning of a slow but dangerous decay in the value and trust underpinning Australia’s retirement future.
A wave of cyber attacks disrupted Australia’s defence and industry sectors, as confidential military data and industrial networks were exposed by state backed and criminal groups. ASIO’s director warns these persistent threats now demand urgent, coordinated cyber security action.
Kmart’s facial recognition breach exposes more than a privacy violation. This extended analysis unpacks Wesfarmers’ compliance failures, the identity risks of biometric data, and how retail surveillance linking with social media could erode consumer trust.
Microsoft 365 remains healthcare’s weakest security link, with breaches rising from 43% in 2024 to 52% in mid-2025. Patient data exposure, soaring costs, and AI-driven cyberattacks in Australia highlight urgent gaps. Policymakers face mounting pressure to safeguard data sovereignty.
Cyber incidents in the Asia-Pacific have surged 29% in the past year, with Australia facing major breaches at the University of Western Australia and Qantas. Manufacturing is the top target, deepfakes are on the rise, and experts warn the region is in a digital arms race demanding urgent action.
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