Major Data Leak Exposes Wealthy Clients of Zurich Financial Firm

A significant data breach has hit Boreal Capital Management in Zurich, exposing sensitive information of around 700 clients, including Politically Exposed Persons from Spain, Portugal, Andorra, and Venezuela. The stolen 50 gigabytes of data, now in the hands of the ICIJ, reveals client assets held at major banks like UBS and Pictet. Boreal confirmed a cybersecurity incident linked to an external malicious group, with initial reports incorrectly implicating the law firm Walder Wyss.

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