German black market: 21M personal entries for sale

Black market criminals are offering to sell details on 21 million German bank accounts for €12 million (US$15.3 million), according to an investigative report published Saturday.

Reporters for WirtschaftsWoche (Economic Week) managed to obtain a CD containing 1.2 million accounts after a November face-to-face meeting with criminals in a Hamburg hotel, according to the magazine.

That CD contained the names, addresses, phone numbers, birthdays, account numbers and bank routing numbers of the theft victims, they reported. In some cases, the victim's account balance was also provided. The data was most likely collected from call center employees, the magazine reports.

Although banking passwords were apparently not included on the CD, criminals would be able to use this data to withdraw funds from a victim's account, said Thierry Zoller, an independent security consultant based in Luxembourg.

This is the second high-profile German data breach in the past two months. In October, Deutsche Telekom reported that thieves had stolen a storage device containing account information on about 17 million customers of its T-Mobile Germany subsidiary.

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