In Frankfurt, Germany, DG Immobilien, a cooperative company, has been targeted by hackers in a significant data breach affecting potentially tens of thousands of customers from cooperative banks. The breach, reported over the weekend by DZ Bank, central institution of the cooperatives, is under investigation to determine the extent of data leakage. Address data, birthdates, investment amounts, account details, tax information, and correspondence may have been compromised, prompting warnings to affected investors about potential fraud using their personal information.
DG Immobilien specializes in closed-end real estate funds, known as “alternative investment funds,” differing from open-ended funds by holding properties for longer periods. The company has notified customers about the breach, emphasizing the potential risks associated with leaked personal data, including attempts by fraudsters to exploit stolen documents for accessing sensitive information.
DZ Bank, holding a significant stake in DG Immobilien, is collaborating with forensic experts and authorities to investigate the incident thoroughly. They have engaged law enforcement and data protection authorities to ensure compliance and mitigate further risks. The investigation aims to establish the exact scope of the breach and implement necessary measures to protect customer data and prevent future cyber threats targeting financial institutions.
