Massive German banking data leak reported

Graham Cluley

Warnings appeared this weekend of an enormous data breach in Germany.

According to media reports, the accounts of 21 million German bank account holders are being offered for sale on the black market by a hacking gang.

In the course of the investigation for Wirtschaftswoche magazine, the two reporters say they were able to get hold of a CD ROM containing the names, addresses, and bank account numbers of 1.2 million people, although they had been offered data on 21 million people if they paid the criminals’ demands of 12 million euros.

It hasn’t become apparent yet about how the criminals got their paws on the data, or where it originated from – but the fact that such a large number of individuals’ personal data are on sale on the black market will send a shiver down the spine of many.

Incidents like this wouldn’t be possible if there were tougher data…

Read more in my article on the Naked Security website.

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Graham Cluley is a veteran of the anti-virus industry having worked for a number of security companies since the early 1990s when he wrote the first ever version of Dr Solomon's Anti-Virus Toolkit for Windows. Now an independent security analyst, he regularly makes media appearances and is an international public speaker on the topic of computer security, hackers, and online privacy. Follow him on Twitter at @gcluley, or drop him an email.