Bankers have expressed growing concerns about cyber security risks linked to a newly disclosed database listing the ultimate owners of over half a million companies and other entities. The transparency initiative, aimed at combating financial crime and tax evasion, has raised alarms over potential vulnerabilities in handling sensitive ownership data. Experts warn that such extensive datasets could become prime targets for hackers seeking to exploit corporate or individual financial information. The debate now centers on balancing regulatory transparency with the need to protect against digital threats.
Bankers also raised cyber security concerns over list of ultimate owners of more than 500,000 companies and other entities
