In the press: Panama Papers leak a security “wake up call”
April 5th, 2016
In the wake of the Panama Papers data leak, security experts are once again calling for the c-suite and senior leadership to better understand cybersecurity requirements, strategy and technology.
The data leak released 11.5 million files and 2.6 terabytes of information from the internal database of Panamanian law firm Mossack Fonseca. The documents include shareholder registers, emails and bank statements, and reveal the ways wealthy individuals can exploit offshore tax regimes. Six members of the House of Lords and dozens of political donors are among those with offshore assets.
The implications of the Panama Papers are far-reaching – not only for those involved. It should provide a “wake-up call” to companies of all sizes and sectors.
Security professionals, including Robert Rutherford, CEO of QuoStar, have reiterated that no company is immune to an attack and there are many points to consider when it comes to effective cybersecurity.