A major offshore law firm now admits it was hacked and had client documents stolen.
Now, some of the world's super wealthy and possibly some corporations are bracing for impact, like the world saw after the Panama Papers document leak.
The news of this new offshore law firm hack, which happened in 2016, just came out. This, after members of the International Consortium of Investigative Journalists (ICIJ), shared hacked documents with the company, forcing them to respond and warn clients.
"We are disappointed that the media may choose to use information which could have emanated from material obtained illegally and that this may result in exposing innocent parties to data protection breaches," the company said in a statement.
The company's clients will likely be disappointed in the firm's cybersecurity. The good news? That's all better now, according to the firm.
"We are committed to protecting our clients’ data and we have reviewed our cybersecurity and data access arrangements following a data security incident last year which involved some of our data being compromised. These arrangements were reviewed and tested by a leading IT Forensics team and we are confident that our data integrity is secure."
Appleby advises clients in offshore law around the globe from its headquarters in Bermuda and offices in the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Mauritius, the Seychelles, and Shanghai.
Although we do not know (yet) what the leaked documents say, Appleby says it is "satisfied" there is no evidence of wrongdoing based on the documents presented by the investigative journalists.
We'll see how that legal opinion holds up and what happens in the court of public opinion, as more becomes known.
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