Panama Papers show there’s no place to hide in a data-centric world

The only guarantee of secrecy in the 21st century will be to have no secrets. In what is the biggest data set to fall into the hands of journalists, a treasure trove of data on tax avoidance and dodgy dealings by the so-called great and good has been laid bare.

The 2.6 terabyte leak of Panama-based shell company Mossack Fonseca has rocked the establishment worldwide, revealing a tawdry industry that involved banks, legal firms and asset management companies all centred on managing the estates of a motley crew of well-heeled types ranging from FIFA officials to politicians, celebrities, professional athletes, property developers and more.