The leak of the Panama Papers, the biggest data leak scandal of its kind – ever, is due to an external hack targeting the firm, the law firm’s co-founder claimed.
Mossack Fonseca, a Panamanian law firm that is currently in the eye of a worldwide scandal wherein governments and authorities are investigating the plausible means of tax evasion and financial wrongdoing has, through its co-founder, claimed that it is the victim of an external hack.
The law firm is one that specializes in setting up shell corporations and offshore companies in tax-free havens. Founding partner Ramon Fonseca told Reuters that the firm had broken now laws and that it had operated within the [...]
A leak of information and data, so unprecedented in its size that it dwarves every other major leak in recent times, put together, recently came to light in what is being called as the Panama Papers.
The biggest ever leak of secret information saw an anonymous source help the Süddeutsche Zeitung (SZ), a German publication acquire some 2.6 terabytes of secretive data from Panamanian law firm Mossack Fonseca. The law firm is fundamentally a production line, churning out anonymous registered companies which it then sells to individuals and companies around the world. Mossack Fonseca is the fourth-biggest offshore law firm in the world.
The 2.6 TB data trove [...]