The Australian superannuation industry has grown remarkably, becoming a cornerstone of financial stability and retirement planning for millions of Australians. With total Assets now exceeding $3.5 trillion, the industry represents a significant achievement in ensuring financial security for the nations future. However with such substantial growth and accumulated wealth, the risk of fraud and cyber threats has also increased, demanding robust security measures.
Recognising the heightened need for security in this flourishing industry, Wrkr is proud to announce its partnership with Transmit Security. This collaboration aims to provide enhanced protection for superannuation funds, safeguarding the hard-earned savings of Australians from sophisticated cyber threats.
A Strategic Partnership for Enhanced Security
Wrkr and Transmit Security have come together at a crucial time, as the superannuation industry faces unprecedented challenges in protecting assets. Transmit Security is renowned for its advanced identity and risk management solutions, making it an ideal partner for Wrkr’s mission to fortify the security of the super fund industry.
”Our Mission at Wrkr is to ensure that every contribution to our members' super funds is secure and reaches its rightful destination. The increasing sophistication of fraudsters necessitates a robust and proactive defence strategy. After reviewing numerous cybersecurity options, we found Transmit Security to be the most aggressive and effective in preemptively countering fraud. Their expertise and innovative solutions make them the ideal partner in this ongoing battle against cyber threats.
Trent Lund - CEO of Wrkr Ltd
Wrkr’s commitment to cybersecurity is unwavering. Despite being a company of modest size, we invest significantly in cybersecurity measures, reflecting our belief that cutting corners in cyber-risk and prevention is a short sighted approach. In an Industry where large sums of money are at stake- sums that are vital for people’s future- there is no room for complacency. Our collaboration with Transmit Security underscores our dedication to doing things correctly and thoroughly.
Wrkr’s Philosophy on Cybersecurity
At Wrkr, we understand that the stakes are high. The superannuation industry deals with large amounts of money that are essential for the financial well-being of individuals in their retirement years. Any breach or fraud attempt can have severe consequences, not just financially, but also in terms of confidence and trust in the system.
”Partnering with Wrkr is a significant step towards fortifying Australia's superannuation funds against escalating cyber threats. Our technology is designed to anticipate and neutralise fraud attempts before they impact the end users. By integrating our solutions with Wrkr's innovative digital platform, we are providing super funds with the highest level of security and trust, ensuring that members' future wealth is protected
Richard Metcalfe - Vice President, Asia Pacific & Japan, Transmit Security.
We believe that investing in robust cybersecurity is not just a necessity but a responsibility. By partnering with Transmit Security, we are taking proactive steps to ensure that the industry’s growth is protected against evolving cyber threats. Our approach is to prioritise long-term security and resilience over short-term savings, ensuring that the superannuation funds we support remain secure and trustworthy.
Looking Ahead with Wrkr and Transmit Security
The partnership between Wrkr and Transmit Security marks a significant step in bolstering the security of Australia’s superannuation industry. As the industry continues to grow and thrive, so too must the measures we take to protect it. At Wrkr, we are committed to making substantial investments in cybersecurity to ensure that the financial futures of millions of Australians are safeguarded. With the expertise of Transmit Security, we are confident that we can provide the necessary protection to keep the superannuation industry secure and resilient against any threats that may arise.
