Hellenic Public Properties Company

Hellenic Public Properties Company (ETAD) is a Greek state-owned entity responsible for the management and exploitation of public real estate assets. It operates on behalf of the Greek state to optimize the use and value of its property holdings. The company’s activities include leasing, sales, development projects, and maintenance of state-owned real estate. ETAD serves the public sector by providing property solutions that support governmental functions and urban development. Its work contributes to the efficient administration of national assets and aligns with state asset management policies. The organization functions under the oversight of relevant Greek ministries that supervise public property and state assets.

ETAD’s approach to risk management was tested in November 2023 when it suffered a ransomware attack that encrypted its systems. The attackers demanded a ransom, which the company refused to pay, choosing instead to rely on its internal response capabilities. Emergency protocols were activated, affected systems were isolated, and restoration proceeded using backups and independent servers. After the incident, ETAD confirmed that its core systems were operational and denied any broader impact on linked entities. The company noted that its response benefited from upgraded security measures adopted following a previous ransomware event at another Greek institution. Cyber insurance coverage was utilized to mitigate financial losses, and relevant authorities were notified throughout the process.