Off shore law firm, Mossack Fonseca, experienced a data breach that compromised 11.5 million records…
What could be deemed the biggest hack in history, led to 11.5 million records being leaked from one of the largest off shore law firms, Mossack Fonseca. These records included off shore account information for some of the most powerful people in the world. Just one of the people affected by this hack was Russia’s President, Vladimir Putin. The information taken also shows how the law firm was helping clients evade taxes, avoid sanctions, and launder funds.
There are concerns this hack shows the true capacity of insider threats. However, at this time, the root of the hack is still unknown. It could have been an insider, a phishing scheme, or malware. Our Vice President of Cybersecurity made the following statement to Global Security Magazine:
“…if you want to keep something confidential, don’t put it on a computer specifically one connected to the Internet. The very second you do that, you can assume the data can be purloined.”