Some of the world’s richest people could have their financial records revealed after hackers targeted a major offshore firm, it emerged last night.
Bermuda-based law firm Appleby, which has offices in many tax havens, warned clients they may have their details exposed after the massive hack of its database.
It is understood some of the wealthiest Britons are seeking instructions from lawyers and public-relations firms as they prepare for the possibility that their overseas tax benefits will be revealed.
The status of British Overseas Territories could also be called into question. It is thought the information could be released by Left-leaning media groups.
Law firm Appleby, which is based on the island of Bermuda (pictured), has warned clients they may have their details exposed
Appleby, which denies any wrongdoing, said that it was ‘issuing a statement to all our clients’.
The company, which has officers in Jersey, Mauritius and Seychelles, said that it had reviewed its cyber-security and data-access arrangements following a ‘data-security incident’ last year.
It told The Daily Telegraph that, after working with a ‘leading IT forensics team’, it was confident its ‘data integrity is secure’ and the firm was ‘committed to achieving the high standards set by our regulators’.
A statement from the company said: ‘We would be happy to co-operate fully with any legitimate and authorised investigation of the allegations by the appropriate and relevant authorities.’
The law firm is concerned their clients may have their details exposed after the massive hack of its database (stock image)
The hack comes a year after the Panama Papers exposed the hidden wealth of some of the world’s most powerful people.
Some 11million files were leaked from law firm Mossack Fonseca, with the revelations forcing Iceland’s prime minister to resign, as well as exposing offshore accounts of Russian president Vladimir Putin’s associates.
Bermuda, which has one of the highest incomes per capita, has previously defended itself against accusations that it is a tax haven, stating that the authorities are informed of the beneficiaries of all trust companies set up on its shores.