The super-rich fear exposure as offshore firm is hacked

Appleby, based in Bermuda, has its data compromised, the Telegraph reports

Tags: Hacking
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The super-rich fear exposure as offshore firm is hacked The Appleby hack leak comes a year after the release of the “Panama Papers”, which had a major global political and financial impact.
By  David Ndichu Published  October 25, 2017

Some of the wealthiest people in the world are bracing for their financial details to be exposed in coming days after a major offshore company admitted that its computer records have been hacked, the Telegraph reports.

Appleby, a firm based in Bermuda with offices in many tax havens, was said to be in the process of warning clients that they may be implicated in a massive leak of sensitive information.

The Telegraph says the leak involves some of Britain’s wealthiest people, who were apparently instructing lawyers and public relations companies in an effort to protect their reputations.

It is understood that a global consortium of left-leaning media organisations is preparing to release the information in the coming days.

The leak comes a year after the release of the “Panama Papers”, in which the hidden millions of some of the world’s rich and powerful were exposed. The disclosures led to the downfall of several governments. Among those named in the “Panama Papers” were close associates of Vladimir Putin, the Russian president, and relatives of Xi Jinping, the Chinese leader, as well as Sigmundur David Gunnlaugsson, Iceland’s prime minister, and Lionel Messi, the Barcelona footballer.

When contacted about a hacking attack in Bermuda, Appleby, which has offices in the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey, Mauritius and the Seychelles, said “we are issuing a statement to all our clients today”.

Appleby denied any allegations of wrongdoing on its part.

It is thought that the attack may have happened up to a year ago.

Despite being just over 20 square miles of territory and having a population of 65,000, British Overseas Territory of Bermuda is one of the biggest centres of the global offshoring industry with reputation as a tax haven.

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