Drew Patchell

Protecting your life savings from cyber theft

Protecting your life savings from cyber theft

Once you’ve left the workplace it’s virtually impossible to replace savings you’ve taken years to build up. But that’s what happened to Lee who lost $180,000 from his super last year [As reported on ABC news]. No one wants to go through this experience, so here are some ways of minimising your own risk of cyber theft.

Recent cyberattacks in the superannuation industry have sent a clear message that our digital assets remain under constant threat. Alarmingly, two-factor authentication (2FA), a fundamental security measure that could significantly reduce the likelihood of such breaches, is not yet standard practice across all platforms.

There are a few essential steps you can take to further safeguard your personal information by securing the devices you use every day – your phone and computer. Taking these precautions can significantly decrease your risk.

What wakes me up at 3am: Your big life questions

What wakes me up at 3am: Your big life questions

I’m at least 10 years away from retirement, but I admit there are times when I’ve pondered my future in the small hours, especially when work or family circumstances change.

Financial worries are surely universal and, leading up to or during retirement, anxiety about money can feel overwhelming. It’s in these quiet sleepless hours that the big life questions take centre stage.

Is your will legal and does it reflect your wishes?

Is your will legal and does it reflect your wishes?

Peace of mind is a cornerstone of a secure retirement. While many Australians prioritise financial security, ensuring your wishes are carried out after you’re gone is equally important.  This is where having a valid will comes in. Our recent July 2024 Retirement Pulse – Wills and your estate survey revealed some interesting insights on this topic.

Over 88% of respondents believe it’s crucial to have a valid will. This aligns with the reality that a will allows you to dictate how your assets – from property and investments to personal belongings – are distributed after your passing. This not only honors your wishes but also helps minimise stress and potential conflict amongst loved ones during a difficult time.