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AAP
AAP

FED:Brace for bugmageddon: experts warn of AI crime wave

Australia's finance firms are increasingly being targeted by Chinese and North Korean hacking groups in attacks designed to steal funds, access and identity data.

But artificial intelligence tools could multiply those attacks in future, a report warns, as the technology is used to find software vulnerabilities and even to impersonate workers.

Cybersecurity firm CrowdStrike issued the warning on Thursday in its Financial Services Threat Landscape report that showed attacks on the sector soared by 43 per cent in 2025.

The announcement comes one year after several major Australian superannuation funds, including Australian Retirement Trust and AustralianSuper, were targeted in a coordinated online attack, in which criminals stole more than $500,000.

CrowdStrike's research found financial services had become the fourth most targeted industry for hackers, representing 12 per cent of all online attacks.

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