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Industry reactions to the Mossack Fonseca data breach

06
Apr
2016
Industry reactions to the Mossack Fonseca data breach

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The implications of law firm breaches are mind boggling since parties within lawsuits provide full disclosure of their chosen law firms as a matter of public record. It is a simple step for a criminal to move on to attacking an appropriate law firm to harvest their files. For a criminal this could mean the ability to manipulate stocks, access the personal records of principals within the companies, and provide a way to blackmail person based on information not publicly known.

In the case of foreign or illegal transactions, the files of law firms may contain account numbers, pin codes, passwords and other elements of accounts that may be exploited by an attacker. Many clients rely on the sanctity of confidentiality to keep their business secret, avoid taxes and potential incarceration.

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