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ARTICLE · 14 APRIL 2016

5 Things Law Firms Should Learn From The Panama Papers Breach

Brown Smith Wallace
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On April 3, several news organizations published reports based on more than 11 million documents leaked from a law firm in Panama that allegedly helped set up secret shell companies and offshore accounts for elected leaders and top officials from around the globe.

United StatesTechnology
Anthony Munns, FBCS, CITP, CIRM, CISA
Anthony Munns, FBCS, CITP, CIRM, CISA
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On April 3, several news organizations published reports based on more than 11 million documents leaked from a law firm in Panama that allegedly helped set up secret shell companies and offshore accounts for elected leaders and top officials from around the globe.

From a cybersecurity perspective, the magnitude of the breach highlights potential defense weaknesses of which all law firms should be aware. Otherwise, it could cost a firm serious business – law firms and other professional services firms experience the fifth-highest rate of customer turnover when a data breach occurs, according to the Ponemon Institute.

Here are 5 key cybersecurity takeaways from the Panama Papers breach:

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