Regulators Warn of AI-Driven Cyber Threat to Australia’s $4.8 Trillion Super System Amid Mass Retirement Wave

An artificial intelligence-powered cyberattack striking during a severe market downturn and a historic surge in retirees drawing down their savings poses the ultimate stress test for Australia’s $4.8 trillion superannuation system, regulators have cautioned.

With 2.5 million Australians expected to retire over the next decade, the superannuation sector is entering an unprecedented drawdown phase, delegates at The Australian Financial Review Super and Wealth Summit were told.