Panama Papers – how to deal with data breaches

Panama PapersWhat compliance issues might organisations be facing following large data leaks and breaches such as the Panama Papers, and how can they protect themselves against such breaches?

It is still not clear what the source of the breach is, i.e. who might be behind this and how the documents got into the public domain. What is known is that the materials from the Panamanian law firm came into the possession of the German newspaper Süddeutsche Zeitung which then shared the information with the investigative journalist community. More than 214,000 offshore entities appear in the leak, connected to people in more than 200 countries and territories, including links to some 75 current or former heads of state.

André Bywater, Principal Adviser - European Regulatory at Cordery, outlines the issues to consider including:

  • Just how significant is the breach and what happens next?
  • What kinds of areas of legal compliance might be affected and what should organisations be doing?
  • What should organisations do if they think they might be affected by the Panamanian leak?
  • How can organisations protect themselves against data breaches such as the Panamanian one?
  • What should organisations do if they actually have a data breach?

Read the full analysis here.

 

 

 

Filed Under: Analysis

Relevant Articles
Area of Interest