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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

#161

Post by rolltiide »

magashna wrote: post #54
rolltiide wrote: post #47

Earlier quoted context omitted.

Their legislative branch is extremely competent at evaluating and passing competitive laws for business and banking, their executive branch is extremely competent at providing the administrative services and modern digital facilities for international business and banking, and their judicial branch is extremely competent at resolving disputes. The government's budget is also balanced without passive taxation of this…

If my sole purpose was to be good at X things, I'd be good at them.

Somebody tell the British Virgin Islands, St. Kitts & Nevis and the Seychelles

They seem to have missed the memo :D

I feel like if I had said the Caymans was incompetent I feel the replies whether from you or others would have said “well of course they are” but anyway their regulators and public servants are often US educated at prestigious universities

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

#162

Post by gwright »

thinkloop wrote: post #107
gxqoz wrote: post #50

Earlier quoted context omitted.

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 Swi…

> It happened swiftly (no pun intended [1]), there was no discussion, only power.

Not trying to take a stance on the wisdom of these policies, but this is a nice example of how realpolitik/power-politics/game-of-thrones is still how the international world works.

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

#163

Post by slovenlyrobot »

I had a quick peak at the web server log, it's tiny. The typical legitimate egress from this network is likely somewhere well under 1gb/day, yet somehow these people managed to upload at least 2TB without being noticed

In a well-maintained network an upload like this should have paged someone as it was happening, probably sometime in the first 5-10 minutes. Say your outbound pipe was 100mbit, if it is pegged for 15 minutes I can't see any reason why a small installation like this wouldn't want to know they've just spat out 11GB of data for some unknown reason

Even divvying things up over 14 days (per the age of the data), its still around 6GB/day. This should have shown up in a monitoring graph somewhere, or triggered a page

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

#164

Post by bouncycastle »

gxqoz wrote: post #50
jokoon wrote: 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.…

> place to store anonymously your illicit cash

What if I just want a place to anonymously store my legally gained cash?

Unfortunately, it seems the normal people lost their privacy nowadays at the expense of the criminals and the "If you've got nothing to hide, you've got nothing to fear" argument has taken a stronghold in the financial sector.

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

#165

Post by GhettoMaestro »

seibelj wrote: post #58
52-6F-62 wrote: post #48

Earlier quoted context omitted.

> tax and legal purposes This may be terribly naive, but doesn't that make the business de-facto illegal? What kind of legitimate business deserves to buck paying into the systems that support them? As a default I want to disagree, but I would like to know what business needs to operate outside of these constraints. Surely the businesses utilizing the favours of banks like Cayman are not being operated within tyranni…

I still can’t believe it’s legal to move from SF to Texas if you were born and raised in SF. You owe the good people of San Francisco repayment for raising and nurturing you. Leaving after all that education and local services is a corrupt tax-dodge into a state without income tax.

> I still can’t believe it’s legal to move from SF to Texas if you were born and raised in SF. You owe the good people of San Francisco repayment for raising and nurturing you. Leaving after all that education and local services is a corrupt tax-dodge into a state without income tax.

Lol you again. How many times must you hear this to understand: Total freedom implies freedom of movement. You do not own people. You never will. You have no moral basis.

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

#166

Post by cookie_monsta »

bowmessage wrote: post #67
pvitz wrote: post #65

Earlier quoted context omitted.

He explicitly mentions how he exploited it and that at the same time, somebody else tried to phish...

She!

This is not a hill that I am willing to die on, but when was gender decided? Everything I've read up until now has kept it ambiguous:

https://mobile.twitter.com/DDoSecrets/status/119621668503812...

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

#167

Post by gwright »

Accujack wrote: post #31
jokoon wrote: 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…

>why countries are letting those small, insignificant islands and countries manage all this wealth Enlightened self interest. Those "insignificant" islands are generally speaking countries. By showing respect for the rule of law even in situations where they could easily overwhelm with force or economic power smaller nations, the larger ones reinforce that the law matters. The larger countries use as a defense the id…

I think it is a mistake to think that relations between sovereign nations is based on "rule of law". Yes there are legal principles involved, but mostly, sovereign nations deal with other sovereign nations via realpolitik.

On the other hand, I think that within a sovereign nation the adherence to "rule of law" has a more substantial meaning and relevance.

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

#168

Post by bikeshaving »

CaymanCruiser wrote: post #92
bikeshaving wrote: post #80

Earlier quoted context omitted.

> an ultra-low corporate tax rate makes it possible to offer our customers services at a lower price than otherwise - I see this as a good thing. The claim that you’re transparently passing the savings of tax avoidance onto consumers rather than charging market-rate and pocketing the difference is both unlikely and unprovable. And even if you were charging less, this would essentially amount to an unfair, extra-legal…

> ...unfair, extra-legal competitive advantage. It is not unfair, and it is not extra-legal. Anyone can offshore their company and in some cases it can take less than an day (incorporating an LLP in the UK takes a couple of hours) with virtually zero barriers of entry, all fully compliant with the relevant legislation. If legal regulatory arbitrage (through tax havens) is unfair, then the corollary is that any kind o…

> If legal regulatory arbitrage (through tax havens) is unfair, then the corollary is that any kind of business profit arising from utilising uncommon knowledge is unfair.

This syllogism is so unsound that I’m not sure how to respond. I don’t think I’m arguing that, and I don’t think that using corporate tax havens is merely “using uncommon knowledge.”

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

#169

Post by buboard »

bouncycastle wrote: post #164
gxqoz wrote: post #50

Earlier quoted context omitted.

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.…

> place to store anonymously your illicit cash What if I just want a place to anonymously store my legally gained cash? Unfortunately, it seems the normal people lost their privacy nowadays at the expense of the criminals and the "If you've got nothing to hide, you've got nothing to fear" argument has taken a stronghold in the financial sector.

ideally, governments only need to know how much each person spent/earned. Not where and how. But , it seems there is no way to make even tiny amounts of purchases without a bunch of people sharing your full details with each other.

On the other hand, there's crypto

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

#170

Post by draw_down »

slovenlyrobot wrote: post #163

I had a quick peak at the web server log, it's tiny. The typical legitimate egress from this network is likely somewhere well under 1gb/day, yet somehow these people managed to upload at least 2TB without being noticed In a well-maintained network an upload like this should have paged someone as it was happening, probably sometime in the first 5-10 minutes. Say your outbound pipe was 100mbit, if it is pegged for 15 m…

Maybe. Do we know how they exfiltrated it? They may have done it in a rate-limited fashion.
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