by Bradley Barth
October 25, 2017
An offshore law firm representing wealthy clientele suffered a data breach earlier this year that reportedly is preparing for its sensitive financial information to be publicly leaked, in an incident similar to the 2015 Panama Papers case.
According to a report in the The Telegraph, the exposed information could place a high amount of scrutiny on various tax havens used by the rich.
In an online statement, the Bermuda-based firm said that it was recently approached by members of the International Consortium of Investigative Journalists (ICIJ), who made unspecified allegations against the company after viewing the exposed documents.
The ICIJ, which operates an Offshore Leaks Database that reveals corporate tax haven secrets, is known for publishing the Panama Papers, a trove of 11.5 million leaked documents — detailing private offshore business dealings — that were stolen following a breach of the law firm Mossack Fonseca.
In its statement, Appleby acknowledged the breach, but denied any illegal activity on the part of the law firm or its clients.