Warning of fake websites, phishing emails and fraudulent offers on social media

Time and again, websites circulate online that falsely claim to be KfW websites or grant portals. They are operated by unknown parties under the name of KfW and ask customers to provide personal data, possibly with the intention of using these data fraudulently.

Phishing emails asking addressees to disclose personal data are also in circulation in this regard. The recipients are prompted to click on a link in the message. These links lead to fake websites where the data can be retrieved. Recipients may not be suspicious, as the messages can appear deceptively genuine. Phishing attacks are also increasingly targeting social media. For example, customers are contacted via fake profiles or alleged KfW accounts on platforms such as Facebook, LinkedIn or Instagram in order to obtain personal data or to feign the conclusion of a contract.

KfW points out that KfW Development Bank’s business is conducted exclusively on the basis of intergovernmental agreements and not directly with private individuals or companies. There is therefore no reason to enter personal data via the KfW website. KfW never processes contracts or binding agreements via social media channels or individual offers. Particular care must therefore be taken when dealing with offers or enquiries on social networks.