Super IT blunder risked $23m contract

The federal government has been in daily contact with the company responsible for the First State Super security failure and has demanded immediate changes to its systems as the company revealed that three other superannuation funds it administers were also affected.

The security breach sparked panic in the government because Pillar Administration, which is responsible for the day-to-day operations of First State Super and other superannuation funds, is next month set to take over the super fund for federal politicians, police, ASIO spies, department heads and other federal public servants.    Read More