Generation Development Group reported a contained cybersecurity incident affecting its subsidiary Generation Life following unauthorized access via a third‑party vendor. The company says the issue was quickly detected and controlled with no evidence of impact to core systems or fraudulent transactions, and regulators including APRA and the ACSC have been notified. #GenerationLife #APRA
Information
- Victim: Generation Life (Money Management)
- Website: genlife.com.au
- Country: Australia
- Date Reported: 2026-04-26
Keypoints
- Generation Development Group (GDG) informed shareholders of a contained cybersecurity incident affecting its subsidiary Generation Life.
- The intrusion resulted from unauthorized access through a third‑party vendor.
- GDG detected and contained the incident rapidly.
- No evidence was found of impact to core systems or of fraudulent transactions.
- GDG notified Australian authorities, including APRA and the ACSC.
- An in‑depth investigation is ongoing to determine the nature and scope of the activity.
Read More: https://www.moneymanagement.com.au/generation-life-suffers-cyber-incident/