Panama Papers V2 – Appleby Offshore Services firm hacked

Offshore services firm Appleby admits to a security breach a year ago after writers from the International Consortium of Investigative Journalists reached it for responses on its business and that of its customers.

A main Bermuda-based offshore services firm that provides service to super-rich customers has admitted that a cyber hack in 2016 could bring about private data being spilled.

Appleby, which has workplaces in various British overseas territories, said some of its information had been “compromised” in what it depicted as an “data security incident”.

The firm was compelled to admit the security breach in an announcement on

Panama Papers
Illustration credit to Arthur Jones (2013)

its site after investigative columnists examining its work and that of some of its customers reached it. Appleby said the International Consortium of Investigative Journalists and other media outlets working with them had been investigating it.

The desire is that the ICIJ and driving media houses would lift the cover on the offshore activity of the world’s rich and international corporations that utilization Appleby’s services in a re-run of the Panama Papers.

It is unclear what will happen but there is a growing expectation that this data leak could be big as a number of media organisations are gearing up to release information from the cyber attack.

Appleby has offices in the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Mauritius, Seychelles and Shanghai.

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