In early April, the most significant data leak in history made headlines around the world and began causing major repercussions.
The Panama Papers affair, an effort between journalists and whistleblowers, is providing an amazing glimpse at the financial affairs of the rich and powerful around the world.
How This Affects Local Businesses in the High Desert
As scandalous as the Panama Papers affair may be, smart business owners should pay attention to this case as it is presented in the news. At Sonic Systems, network security is something we are passionate about, and thus, a certain aspect of the Panama Papers caught the attention of our specialists.
The attorneys at the shadowy law firm mentioned in the Panama Affairs, Mossack Fonseca, have stated that they were the victims of a cyber attack by malicious hackers. Specifically, the firm stated that their email server suffered an unauthorized breach.
The Necessity of Security for Businesses
One of the failures that analysts believe may have taken place at this Panamanian law firm is a lack of overall security. The email server was powered by an old version of Microsoft Outlook configured for Web access; the Client Information Portal ran on a Drupal content management system (CMS) that was woefully out of date and vulnerable to more than a dozen exploits.
Aside from outdated network systems, analysts believe that Mossack Fonseca may have fallen victim to an inside job; however, who was monitoring network traffic and watching more than two terabytes of data being downloaded?