Panama Law firm Mossack Fonseca looses 2.6TB of data due to server hack!

Mossack Fonseca Law firm based in Panama has suffered a serious email server hack which leaked out 2.6TB of data relating to some of the most powerful people in the world.  The leaked cache of 11.5 million files is being referred to as “The Panama Papers” and was obtained by German newspaper Suddeutsche Zeitung from an anonymous resource. The German newspaper immediately shared the docs with the International Consortium of Investigative Journalists with the “The Guardian” and BBC in the UK and other media outlets around the world.

Mossack Fonseca, the company the data originated from, is the fourth largest offshore law firm which deals in money laundering cases; dodge sanctions, evasion of taxes, financial scandals, and other issues. The firm is also dealing a case related to a billion dollar money laundering ring that was run by a Russian Bank named ‘Bank Rossiya’ which involved close associates of President Putin.

From the past 40 years the company is in business and has never been charged with any criminal wrongdoing in this tenure.

Now, with over 2.6TB of data leaked, this scandal can turn bigger than either Wikileaks in 2010 or the NSA files in 2013.

Mossack Fonseca is blaming this leak on the attack on its email servers and has asked FBI to look into this scandal with utmost seriousness. The company has also called for a meeting in last weekend, in which it decided to reinforce its security systems and bring in specialist consultant to determine exactly what info was leaked to the hackers.

So, to all those law firms and businesses which are data intensive, make sure that your data centers are well protected from hacks, malware, ransomware and other such cyber crimes.

Your can approach DNF Corporation for all your Data Security needs.

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