60 pension funds affected by hack

March 24, 2025
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A technical partner of Swiss Life recently suffered a hacker attack. According to Watson.ch, 60 additional Swiss pension funds were affected by the attack. The data theft forced the providers to send mail to their customers. 

As was recently announced, up to 60 Swiss pension funds have been affected by a hacker attack. According to information from the Watson.ch portal, the attack occurred at a technical partner of Swiss Life, a leading financial group. Thousands of customers received disturbing mail informing them of the incident. According to Swiss Life, the attackers had access to mobile phone numbers and possibly even the last names of registered users. The affected individuals use SMS-based two-factor authentication for the customer portal of the occupational pension solution.

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60 pension funds affected by hack

Swiss Life emphasized to Watson.ch that the damage was limited and that the authorities had been informed of the incident. However, those affected are advised to remain vigilant and review their security measures. It remains unclear whether this is a ransomware attack. The incident raises questions about the security of external service providers responsible for critical functions such as authentication.

This attack highlights the growing threat of cybercrime and the need to continuously improve security standards. A bit of a twist: Swiss Life also offers cyber insurance to companies. Whether the technical service provider is covered by this insurance is unfortunately unknown.

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