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5M files expose offshore schemes in biggest data leak in history HOTforSecurity

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11.5M files expose offshore schemes in biggest data leak in history

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11.5M files expose offshore schemes in biggest

data leak in history
By: Alexandra Gheorghe |

comment : 0 |

April 04, 2016 | Posted in: Industry News

When it comes to data breaches, it seems nothing can surprise us: weve seen huge corporations face
public shaming for lax security and for exposing data of millions of customers. But the recent Panama
Be the first of your friends to like this

Papers breach tops it all.

Adware

Android

Antivirus

Apple

Anonymous
Attack

Backdoor

Source: Wikipedia
Bitdefender

The breach involves millions of files that reveal a complex tax evasion system involving some of the richest and

Breach

Cyber-attack

China

Data Breach

DDoS

most powerful people in the world.

Exploit

Facebook

Facebook Scams

Here are the astonishing numbers:

Fbi

2.6T data exposed

Fraud

Hacker

Google

Hackers

Malware

Microsoft

Hack

Hacking
Omelette

The disclosed files belong to Mossack Fonseca, a Panama-based law firm and corporate service provider that helps
companies hide money in offshore jurisdictions. The tight-lipped industry leader in offshore finance, as described

Password

Phishing

Privacy

Scam

Scams

by the Economist, stores documents from about 214,488 offshore entities.

Ransomware

The company announced its customers of the breach on Aprils Fools Day:

Security

Slider

Software
Uk
Windows

Spam
Us

Virus
Worm

Social Media
Trojan

Twitter

Vulnerability

11.5M files expose offshore schemes in biggest data leak in history HOTforSecurity

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Bitdefender Products

20 million Instagram accounts were

Ready to Embrace

put at risk through sloppy security hole

Windows 8 Stores Logon

Passwords in Plain Text
October 12, 2012

ALERTS
SOCIAL NETWORKS

Windows 10
July 08, 2015

E-THREATS

HotForSecurity, European Security

INDUSTRY NEWS

Blogger Awards 2016 finalist!

MALWARECITY

Who can hack the most popular smart

devices? Bitdefenders IoT Village
hosted in Techsylvania is ready to roll

BITDEFENDER TECHNOLOGY
VIDEOS
BOTNETS
CONTEST

1800+ Minecraft

here.
usernames and passwords

Easy Tips to Dodge E-banking Fraud

leak online

Malicious Proxy Redirects SSL Google

January 19, 2015

Traffic for 1 Million IPs

HACKING
HOW TO.
MALWARE HISTORY
MISCELLANEOUS

PHISHING ALERT
Scammers
The data reveals
thatImpersonate
12 national leaders including monarchs, presidents and prime ministers, and other very
FROM
Bank
Exec
on
LinkedIn
to
influential people have been using offshore tax havens to cut huge tax bills, guard theirQ&A
privacy
and THE
gain LABS
easy
Target
Corporate
Bank
SOCIAL
NETWORKS
access to their funds.
Accounts

SPAM
May 08, 2013
SPAM REVIEW
140 of the offshore firms named in the leaked documents are connected to public officials or politicians.
UNCATEGORIZED
VIRUSES DESCRIPTIONS
Biggest names:

VULNERABILITIES
WEEKLY REVIEW

Vladimir Putin involved in $2B worth of offshore accounts

MOBILE & GADGETS

Nawaz Sharif, the Prime Minister of Pakistan

TIPS AND TRICKS

Ukrainian president Petro Poroshenko

Icelandic prime minister Sigmundur Dav Gunnlaugsson,
A member of Fifas ethics committee

2012 Powered By Bitdefender

More details about the names on Wikipedia.

Companies

214,000 companies were registered in a range of tax havens. The British Virgin Islands held more than 100,000
companies, according to the Guardian.

Source: The Guardian

A detailed map of the countries and companies involved can be found here.

11.5M files expose offshore schemes in biggest data leak in history HOTforSecurity

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Impact

Biggest leak in the history of data journalism just went live, and its about corruption,
Edward Snowden tweeted when the scandal broke.

Although offshore companies are not illegal, the breach raises questions over the ethics of using tax havens.

Panamanian law firms will go under scrutiny, a Reddit user says. Although it is 100% legal to put your funds
offshore, now firms will have to change some policies. They will be more careful about how they handle information,
and they will investigate more thoroughly their clients. Some firms might even loose, voluntarily, sketchy clients to
save themselves from the bad press.

The contents were leaked by an anonymous insider to German newspaper Sddeutsche Zeitung, which shared it
with the International Consortium of Investigative Journalists and this list of partners. The investigation was
published on Sunday by more than 100 news organizations around the globe.

Update: tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the
center of a massive data leak for possible tax evasion.

British Prime Minister David Cameron appears linked to Panama Papers by his late father Ian Cameron, who used
Mossack Fonsecas services to shield his investment fund, Blairmore Holdings Inc.

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About The Author

Alexandra Gheorghe
Security Specialist
Alexandra started writing about IT at the dawn of the decade when an iPad was an
eye-injury patch, we were minus Google+ and we all had Jobs. She has since wielded her
background in PR and marketing communications to translate binary code to colorful stories
that have been known to wear out readers mouse scrolls. Alexandra is also a social media
enthusiast who `likes only what she likes and LOLs only when she laughs out loud.
Number of Entries : 238

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