The Panama Papers

Possibly the most significant data breach of our age. We’ve seen data breaches come and go; they make headlines for a couple of days, maybe a couple of weeks and are largely forgotten, except by those whose data has been compromised and their subsequent victims. The ‘Panama Papers’ take data breach to a whole new level, they’ve already cost the Icelandic Prime Minister his job, and have made life very uncomfortable for David Cameron, the British Prime Minister, even if his sins would appear to be of lack of communication rather than financial impropriety. They’re not alone, though, 12 national leaders are listed among the 143 politicians. Well, Mossack Fonseca – the source of the data breach – is the world’s fourth biggest provider of offshore services; it has acted for more than 300,000 companies, more than half of which are registered in the UK or British administered tax havens. The scale of the breach in itself is mind boggling – 2.6 terabytes of data, comprising 11.5 million documents – extracted from Mossack Fonseca’s systems. That dwarfs the 1.7 gigabyte ‘Wikileak’ in 2010 or the 3.3 gigabyte leak of files from HSBC in 2015. The most recent breach is thought to have taken place in December 2015, but papers are currently being analysed by 370 reporters from 100 media organisations. The documents take the form of 4.8m emails, 3m databases, 2m PDFs, 1m images and 320,000 image files. And the source of the breach? Well the smart money currently suggests that Mossack Fonseca were using WordPress and Drupal plugins that stored database credentials in clear text. The Mossack Fonseca...