Panama Papers leak explained: What you need to know about the Mossack Fonseca hack

Offshore tax shelters may pay, but scrimping on security doesn't

Panama papers
REUTERS/Yves Herman

You've doubtless heard about the Panama Papers, a leak of 2.6TB of documents from the one of the world's largest offshore law firms, Mossack Fonseca. The dump of over 11 million files containing detailed financial information on 214,000 companies illustrates how offshore tax havens are exploited.

Whatever you may think of Mossack Fonseca's business dealings, there are lessons to be learned about what the company could have — and should have — done to ensure that its clients' data was protected.

This infographic from application security management platform provider highlights some significant statistics and details about the data dump, the hack, and how it could have been mitigated.

To continue reading this article register now

7 hot cybersecurity trends (and 2 going cold)