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Generation Development Group Limited (ASX:GDG)

ALERT: Price-sensitive ASX Announcement for GDG
Current share price for GDG : $4.340 0.73 (20.22%)+
Announcement
Release
27 Apr 2026 8:47AM
Price at Release
$3.610
Full Release
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Summary
Generation Development Group Limited (GDG) announced a cyber incident involving its subsidiary, Generation Life Limited, where an unauthorized access through a third-party service provider was quickly detected and contained. There has been no impact on the core systems or evidence of unauthorized transactions, and a business continuity plan was implemented immediately with minimal operational disruption. The company has engaged cyber security experts to assist in understanding the scope of the incident and verifying what information may have been impacted. GDG has informed relevant authorities and will update the market on any material developments.
Key Points
  • Generation Development Group Limited (GDG) announced a cyber incident involving its subsidiary, Generation Life Limited.
  • The cyber incident involved unauthorized access through a third-party service provider.
  • The incident was quickly detected and contained by Generation Life.
  • No impact on Generation Life’s core systems or unauthorized transactions have been detected.
  • A business continuity plan was implemented, minimizing operational disruption.
  • Evidentia Group and Lonsec Research & Ratings systems were not affected.
  • GDG engaged cyber security experts to assist in the incident response and investigation.
  • Investigation aims to understand the scope of the unauthorized activity and verify impacted information.
  • Affected advisers or clients will be notified directly upon conclusion of the investigation.
  • GDG has notified relevant authorities including APRA, OAIC, ACSC, and NOCS.
  • GDG will provide market updates if there are any material developments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.