A Case Study on the Data Breachment in the Article About the Panama Papers Essay

An article About the Panama Papers posted on the internet by sueddeutsche.de, describes the case of data breachment involving several prominent figures from the world. The worlds most noted leaders, celebrities, and politicians hidden wealth has been revealed by the biggest leak that has ever happened, millions of documents in 2,6 Terabytes of data leaked to show ways that rich people in the world use to avoid tax by making offshore company through Panamanian law firm Mossack Fonseca (Mossfon). The information gives uncommon bits of knowledge into the world that can just exist in the shadows. The information proves that global industry is regulated by legal firms, major banks, and assets management companies privately manage the wealth of well-known people in the world such as celebrities, professional athletes, fraudsters, drug dealers, politicians, and FIFA officials. Mossack Fonseca does not look at the source of the money of the client, Mossfon only serves service to create anonymous offshore companies, that is why many criminals use their service to hide their wealth.In this essay the writer will primarily focus on the summary and response to the Panama Papers case written by Frederik Obermaier, Bastian Obermayer, Vanessa Wormer and Wolfgang Jaschensky.It all started about a year ago, when a German newspaper Sddeutsche Zeitung (SZ) was contacted by an anonymous who wants to reveal crime evidences that involved several prominent figures, and wants to make these crimes public through Sddeutsche Zeitung (SZ), the source submitted millions of encrypted internal documents from Mossack Fonseca, a Panamanian law firm and corporate service provider founded in 1986 by Jrgen Mossack and Ramn Fonseca. Mossack Fonseca also provide service to help person to make anonymous offshore companies around the world and made those companies hidden, and empower their proprietors to conceal their business dealings, regardless of how unfair. This kind of service is open to abuse, that is why many clients of Mossack Fonseca use this service to hide their wealth, no matter...

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