ABSTRACT
The Panama Papers consist of 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The leaked documents were created by Panamanian law firm and corporate service provider Mossack Fonseca; some date back to the 1970s. The leaked documents illustrate how wealthy individuals and public officials are able to keep personal financial information private. While offshore business entities are often not illegal, reporters found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, kleptocracy, tax evasion, and evading international sanctions. Normally, a company that hosts its own web server realizes it's inherently vulnerable, and separates it from other, more sensitive systems and data. "Their web server was not behind a firewall," Maunder adds. "Their web server was on the same network as their mail servers based in Panama. They were serving sensitive customer data from their portal website which includes a client login to access that data".
