Slovak real estate cadastre malfunctions after cyber attack

09
Jan
2025
News - Slovak real estate cadastre malfunctions after cyber attack #cadastre #cyber attack #report #Slovakia

by Property Forum | Report

The Slovak real estate cadastre has been paralysed for the third day, reports SME.sk. While a short-term outage may not bring any significant restrictions, a long-term one can mean serious problems.


Today, Slovakia is dealing with one of the biggest hacker attacks in history. It malfunctioned the information systems of the Office of Geodesy, Cartography and Cadastre of the Slovak Republic. The outage of online services operated by the Office should have occurred during the long weekend. The Ministry of the Interior, whose department includes the cadastral departments of district offices, initially claimed that it was only a minor outage.

However, on January 6, the Finsider portal published information that the Office systems had become the target of a cyber attack. One of the employees of the office revealed that the management forbade them to turn on the computers and informed them about the attack. On Wednesday, the Ministry of the Interior also confirmed it.

Portal Živé.sk reported that the hackers are asking for a seven-digit dollar ransom to restore access to the data. The second option is to restore the system from backups. Portal Živé reported that the cadastre lacks comprehensive data backups that would enable quick system recovery. It can take many weeks or months. That the office did not have everything ready for such a situation is also indicated by the fact that the system is not working for the third day and the public has no relevant information. The extent of the damage is currently unknown and will be revealed only in the coming days.

A dysfunctional cadastre can also have an impact on the mortgage market. The two biggest banks say they are still issuing and approving mortgages. However, the problem arises in the next step. "The cadastre outage has the greatest negative impact on clients who already have a mortgage approved and need to draw it, but cannot submit documents from the real estate cadastre. In this, unfortunately, we are fully dependent on the functionality of the cadastre and its current data," VÚB bank spokesman Dominik Miša told INDEX. Slovenská sporiteľňa also confirmed the suspension of loans.

Measurement via GPS is also crippled, as surveyors cannot get to the corrections of the reference stations, which also fall under the cadastre system. Problems can also arise with sales contracts, as the buyer will not be able to fulfil his obligations for objective reasons.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy