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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

#231

Earlier quoted context omitted.

So everyone is assumed to be a criminal until proven otherwise?

How else do you propose taxation is assured? Blind trust?

Sure, why not? It has worked for many years before.

The terms like "money laundering" are only recent and swept through without properly understanding the privacy implications (and probably didn't envisage the pervasiveness of modern electronic surveillance & data breaches in today's digital world).

Anyhow, advancements in cryptographic Zero-knowledge proofs could hold the key in solving some of these problems (proof that funds are clean without reveling the source). Currently there are some scalability problems, but progress is being made so I'm hopeful. Wikipedia has a good write-up about the basics of ZKP https://en.wikipedia.org/wiki/Zero-knowledge_proof

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

#232
post #198

Earlier quoted context omitted.

It's a trust but verify thing I believe. If the cash is anonymized, how can they know if the owner of this cash did in fact pay their taxes on it? Either they blindly trust everyone to properly declare all of their income, or they need to have some form of traceability.

Once the cash is in the bank it becomes really hard to verify. It’s not like a ‘tax paid’ marker is added to every dollar in your account.

Nor could it, with the millions of rounds of taxes an average paper dollars will see.

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

#233

Earlier quoted context omitted.

Which is not anonymous.

Some of it is - ZCash for example. But most of it isn't.

What about the last thread I read that concluded Monero was the answer here?

Which one's been audited?

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

#234
post #16

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'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…

Sadly it is not that outlandish. The Duke of York (not Prince of Wales) was famous int eh 1980s for his louche lifestyle and there has been a veritable string of scandals revealing numerous highly respected public figures in the UK to have sordid lives of criminal abuse away from the public gaze over the last 20 years.

Of course it would be a tricky story for any journalist, editor, or publisher to handle, not least due to Britain's plaintiff-friendly libel laws. But outlandish? Not at all.

'Outlandish' are things like Prince Andrew's claim that a war injury caused him to completely stop sweating for several years and that this provides a watertight* alibi against his accuser's allegations.

* I couldn't help myself

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

#235

Earlier quoted context omitted.

Because the social contract of most countries is that your legally gained cash is to be taxed in one form or another and thus has to be known by the tax authorities? You can argue that your assets are to be private to the general public but some countries do not have that assumption (Norway comes to mind).

By "legally gained cash" I mean that taxes have already been paid for it.

Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits on gifts, or wealth taxes.

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

#236

Earlier quoted context omitted.

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 i…

Those are legitimate observations, but so is CamperBob's. I have first hand experience of how bad the carceral system can be, but the fact of that awfulness doesn't mitigate the oddness of a very high profile prisoner just falling through the cracks. The whole thesis here is that what happened to Epstein could happen to anyone, but that's not true. Most people are not billionaires with 24-7 access to the best lawyers…

Epstein had a lot of advantages, but they weren't enough to buy him a luxurious prison experience. He paid off other prisoners and exploited loopholes, but was still in a spartan cell. The luxurious pay-for-play prisons in the news occasionally are generally municipal prisons; Eppstein was in federal pretrial detention which is much harder to game.

When he died Epstein was in a cell in the Special Housing Unit for uncooperative prisoners. He clearly wasn't able to buy better treatment from the government. (https://www.theatlantic.com/ideas/archive/2019/08/real-scand...)

> Jeffrey Epstein, inmate 76318-054, hated his cell at the Metropolitan Correctional Center. It was cramped, dank and infested with vermin, so Mr. Epstein, long accustomed to using his wealth to play by his own rules, devised a way out.

> He paid numerous lawyers to visit the jail for as many as 12 hours a day, giving him the right to see them in a private meeting room ... he and his entourage regularly emptied the two vending machines of drinks and snacks.

> “It was shift work, all designed by someone who had infinite resources to try and get as much comfort as possible,” said a lawyer who was often in the jail visiting clients.

> Outside the meeting room, Mr. Epstein mounted a strategy to avoid being preyed upon by other inmates: He deposited money in their commissary accounts, according to a consultant who is often in the jail and speaks regularly with inmates there.

> But in his final days, Mr. Epstein’s efforts to lessen the misery of incarceration seemed to be faltering.

> He was seldom bathing, his hair and beard were unkempt and he was sleeping on the floor of his cell instead of on his bunk bed, according to people at the jail.

https://www.nytimes.com/2019/08/17/nyregion/epstein-suicide-...

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

#238
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.…

That article is so one-sided it hurts. It gives few and silly examples of what trusts are actually used for, like it characterizes one by a rich woman leaving millions in care for her dog after the woman died, in order to convince the reader that trusts must be often wasteful and frivolous.

For one (among other issues) it completely ignores the destruction of family farms and businesses, no longer able to operate due to heavy tax burdens put on them by the state, simply because one of the owners has passed away and they didn't have enough cash in reserve to pay what the government deemed they owe. Mine and your politicians forced the creation of these havens because of their wanton disregard for people's hard work and effort, and I'm not going to shed any tears of there being a way for some of them to protect it.

I know, the writer alludes to a one-world dictatorship that might one day have been able to prevent this 'horrible evil' from taking hold, but we're not there yet, thankfully.

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

#239
post #112

Earlier quoted context omitted.

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.

So after firing the vendor, who on your side got fired for allowing it in the first place?

Why would anyone get fired, explicit approval and imppicit incompetence should be handled differently. If pentests get people fired, no one wants a pentest. Refusing to accept and resolve pentest results can be fireable but a pentest is suppose to help you improve what you have already.

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

#240

Earlier quoted context omitted.

> 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.

it's not like power politics ever went away, the question is how they are being utilized
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