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Hacker Publishes 2TB of Data from Cayman National Bank

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Re: Hacker Publishes 2TB of Data from Cayman National Bank

#101
post #68

Earlier quoted context omitted.

The Cayman Islands is a vassal state of the global one percent as a tax shelter. Let's call it what it really is. It's not a global financial center the way NYC or Hong Kong or Tokyo are. It's a sand bar with a bunch of post office box company registries and some banks. I hear there is also good snorkeling.

>is a vassal state of the global one percent as a tax shelter Just FYI, to be in the global one percent you need an income of $32,400 per year

That won't get you into the global 1%.

Around 70 million people are earning more than $50,000 per year in the US.

Western Europe, Canada, Australia, Japan, South Korea, China, etc. combined also have a very large number of people similarly over that line.

Your figure probably needs to be 100% higher.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#102
post #24
post #16

Earlier quoted context omitted.

I'm hindsight, it's obvious that an interview like that should have been aired. But it makes total sense not to air something so inflammatory back then with corroborating evidence. It would have sounded pretty outlandish. A girl says she was made a sex slave by a guy named Epstein that didn't really have a public profile and she was forced to sleep with the prince of Wales. As a journalist, you need impeccible source…

> prince of Wales Andrew is the Duke of York, not Prince of Wales - that's Charles.

I'll take the downvotes, but if he's American like I am, we fought pretty hard to not ever have to care about royal distinctions ;)

(Although... I didn't know that, I wasn't really sure what Andrew's relation in position was to Charles)

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#104
post #86

Earlier quoted context omitted.

Dude, forget a pentest, have a security architect look things over. Simple segmentation and endpoint firewall witha good edr might have stopped this. Everyone misses the basics, a lot of networks were pieced together 10+ years ago when people were not as security conscious as they are now.

Our first pen test, before I took over as CTO... We had a JSON file with admin credentials on a shared drive. IT company needed it there so some tool could log in as admin and do some robot work. Fired them, and good riddance. But... STUPID SIMPLE things can get overlooked for years until you have someone else come in and test. +1 for pentests.

For sure, I wasn't disagreeing. I meant have someone look at your architecture and make sure best practices are followed and insane designs don't exist before you pay for a pentester . pentest results can be used to adjust architecture but a pentester will show you one or a few ways they acheived the objective, they won't do a hollistic review of architecture,procedures,practices,etc...

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#105

Earlier quoted context omitted.

Not sure why you're being downvoted. "Epstein didn't kill himself" is still a meme. That proves there's a market for the Epstein news, IMO. The public absolutely cares. Plus, there's evidence it's being swept under the rug: https://www.buzzfeednews.com/article/amberjamieson/leaked-fo...

I enjoy the "Epstein didn't kill himself" meme as it encompasses both ideas. Popular, he was murdered to be silenced from his handlers. Unpopular, he is still alive and living somewhere in secret. However if the meme was changed a little bit, even to "Who killed Epstein?" that would omit the 2nd more unpopular theory altogether.

I liked how I saw it explained here. That the Epstein murder is our generations largest admission from the elite class that they not only exist but the rules definitely do not apply to them.

I think the Epstein memes are definitely something people of every ideology enjoy.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#106
post #50
post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

A recent piece in The Guardian argues that South Dakota and other US states are actually becoming the go-to place to store anonymously your illicit cash and make sure that your heirs can inherit it without taxes forever: https://www.theguardian.com/world/2019/nov/14/the-great-amer... Partly because the US has compelled other countries to provide more transparency without joining that transparency organization itself.…

This is right.

But tax avoidance has also been dramatically reduced. If you want to avoid tax, pretty much the only way to do it is to either move to one of these places or find someone at a bank who will move your money for you illegally (this is pretty hard to do because the upside is often quite limited relative to the huge downside).

So money is definitely moving back within home countries, and that is far easier to control.

One point you missed is the importance of US financial control over institutions. The other plank of FATCA was the threat that the US would essentially block a bank/country out of the global financial system if they failed to cooperate. This kind of extra-territorial monitoring of the financial sector deeply annoyed everyone but..it was effective, and is a good example of a gain from US leadership of the international community (even Russia informally complies afaik).

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#107
post #50
post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

A recent piece in The Guardian argues that South Dakota and other US states are actually becoming the go-to place to store anonymously your illicit cash and make sure that your heirs can inherit it without taxes forever: https://www.theguardian.com/world/2019/nov/14/the-great-amer... Partly because the US has compelled other countries to provide more transparency without joining that transparency organization itself.…

> forcing foreign financial institutions to tell the US government about any American-owned assets on their books

This is another interesting part. How can the US "force" a sophisticated wealthy sovereign nation that culturally and morally values banking privacy (not only for the profits), like Switzerland?

It cannot be understated how much power, control and ownership the US has of the world financial system. If Switzerland did not comply, they would have been fully cut-off, unable to participate in any finance at all. It happened swiftly (no pun intended [1]), there was no discussion, only power.

Most of the west is mostly aligned with what the US is doing, so it's not a big deal. Every government wants more visibility, control and power over finances. It is akin to how the US military handles matters of physical force on behalf of the rest of the west.

Just a quick note that the US is equally powerful in the financial arena as they are militaristically, if not more so.

[1] SWIFT is one of the systems Switzerland could have been cut off from

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#108

Earlier quoted context omitted.

Ken White addresses this. Even with high profile prisoners, guards face minimal accountability in the US prison system.

Did the "malfunctioning" cameras also just not fear accountability?

No, the people who were supposed to maintain them didn't bother because they knew they didn't have to fear accountability and they were extremely understaffed and overworked.

> A New York Times investigation published last year detailed this practice, under which federal prisons are so strapped for correctional officers that they regularly compel teachers, nurses, secretaries and other support staff members to step in. The practice has grown at some prisons as the Trump administration has curtailed the hiring of correctional officers.

> Many of these staff members only receive a few weeks’ training in correctional work, and, while required by contract to serve as substitutes, are often uncomfortable in the roles.

> Union officials said that for more than a year officials in Washington had been made aware of a severe staffing shortage at the facility in the wake of a federal hiring freeze. One of the guards on the unit where Mr. Epstein died had been working overtime for five straight days, while the other had been forced to work overtime that day, a union official said.

https://www.nytimes.com/2019/08/12/nyregion/epstein-barr.htm...

Here's another quote from Ken White, the criminal defense attorney I quoted above

> Jeffrey Epstein’s name and face are everywhere following his death. Even as an investigation reveals that the Metropolitan Correctional Center, where he died, was terminally short-staffed and relied on untrained guards who failed to monitor him, conspiracy theories persist. Americans who believe in their justice system assert that it is obvious that he was murdered, and that jailers could not possibly be so incompetent, cruel, or indifferent as to let such a high-profile prisoner commit suicide.

> Here, to help you evaluate that claim, are 32 short stories about in-custody deaths or near-deaths in America.

> These stories don’t mention Jeffrey Epstein, but they are about him. Epstein was incarcerated in the United States of America, and this is how the United States of America, the mightiest and richest nation there is or ever has been, treats incarcerated people. When you say, “There is no way that guards could be so reckless, so indifferent, so malicious as to just let someone as important as Epstein die,” this is how 32 Americans respond. Many, many more could respond in kind.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#109
post #68

Earlier quoted context omitted.

>is a vassal state of the global one percent as a tax shelter Just FYI, to be in the global one percent you need an income of $32,400 per year

That won't get you into the global 1%. Around 70 million people are earning more than $50,000 per year in the US. Western Europe, Canada, Australia, Japan, South Korea, China, etc. combined also have a very large number of people similarly over that line. Your figure probably needs to be 100% higher.

Do you have a source for that? We're pushing 7 billion people on the planet.

Here's a source that uses that $34k figure: https://www.investopedia.com/articles/personal-finance/05061...

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#110
post #68

Earlier quoted context omitted.

>is a vassal state of the global one percent as a tax shelter Just FYI, to be in the global one percent you need an income of $32,400 per year

That won't get you into the global 1%. Around 70 million people are earning more than $50,000 per year in the US. Western Europe, Canada, Australia, Japan, South Korea, China, etc. combined also have a very large number of people similarly over that line. Your figure probably needs to be 100% higher.

Good point. Looks like my number is outdated, it's from the worldbank data from a decade back
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