The rich are getting more secretive with their money [Calling All Cybercriminals]

The rich are getting more secretive with their money by Rachael Levy.

From the post:

You might think the Panama Papers leak would cause the ultrarich to seek more transparent tax havens.

Not so, according to Jordan Greenaway, a consultant based in London who caters to the ultrawealthy.

Instead, they are going further underground, seeking walled-up havens such as the Marshall Islands, Lebanon, and Antigua, Greenaway, who works for the PR agency Right Angles, told Business Insider.

The Panama Papers leak around Mossack Fonseca, a law firm that helped politicians and businesspeople hide their money, has increased anxiety among the rich over being exposed, Greenaway told New York reporters in a meeting last week.

“The Panama Papers sent them to the ground,” he said

I should hope so.

The Panama Papers leak, what we know of it (hint, hint to data hoarders), was like giants capturing dwarfs in a sack. It takes some effort but not a lot.

Especially when someone dumps the Panama Papers data in your lap. News organizations have labored to make sense of that massive trove of data but its acquisition wasn’t difficult.

From Rachael’s report, the rich want to up their game on data acquisition. Fair enough.

But 2016 cybersecurity reports leave you agreeing that “sieve” is a generous description of current information security.

Cybercriminals are reluctant to share their exploits, but after exploiting data fully, they should dump their data to public repositories.

That will protect their interests (I didn’t say legitimate) in their exploits and at the same time, enable others to track the secrets of the wealthy, albeit with a time delay.

The IRS and EU tax authorities will both subscribe to RSS feeds for such data.

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