Cayman Islands Bank Records Exposed in Open Azure Blob

By Becky Bracken for Threatpost
Tuesday, December 1, 2020

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The data has since been removed from view by the IT vendor.

Cybersecurity and legal expert Ilia Kolochenko, who founded and serves as the CEO of ImmuniWeb, said the investment firm should expect fallout from the breach.

“For this specific case, most jurisdictions will likely consider this incident to be gross negligence, exposing the fund to a series of lawsuits from the clients,” Kolochenko told Threatpost. “In the past, similar incidents led to bankruptcies due to irreparable impact on the reputation and inability to continue operations with frustrated customers. We should also expect various law enforcement agencies, in charge of the prosecution of tax evasion or money laundering, to start a probe of the documents for investigative purposes.” Read Full Article