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7 Lessons From The Panama Papers Leak
Hopefully your organization isn't hiding as many dark secrets as Mossack Fonseca, but the incident still brings helpful hints about data security, breach response, and breach impact.
Although many people are rejoicing in the Panama Papers outing of illegal and unethical activity by rich and powerful individuals and companies across the globe, information security professionals can also take the opportunity to learn a few lessons.

The International Consortium of Investigative Journalists (ICIJ), Monday, published a report based upon a yearlong study into an enormous store of 11.5 million documents -- 2.6 TB of data, mostly emails -- leaked from Panamanian law firm Mossack Fonseca. The leaked data reveals secret information about the offshore holdings of political leaders and crime lords alike, and has exposed illegal practices used to hide wealth, disguise sources of wealth, and evade taxes.

A separate report last week revealed that hackers have also been attacking law firms and banks in the United States, and the FBI is investigating to see if the attacks have resulted in insider trading.

With that in mind, here are a few things all organizations, and perhaps law firms in particular, should keep in mind.

1. Know what information is most valuable -- to you, to your customers, to the public, and to attackers -- and protect it accordingly. "Valuable" is in the eye of the beholder, and the definition won't always be the same. Identify what sort of information that would cause critical damage to your business if it fell into the wrong hands (causing legal liability, IP theft, lost customers). Then secure it in any format in which it might exist, whether that be a spreadsheet or a conversati...

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