Information on at least 1,500 Swizz Bank clients has been stolen. The accounts combined amounts are €2.5 million (SFr 3.7 million) and Swizz investigators are saying this information could net €100 million in undeclared tax money.
With new technology comes new problems, more and more governments are on the watch safe-guarding their information as much as possible. Hackers are continually finding new ways around firewalls protecting the most sensitive information and then selling this stolen information to the highest bidder.
"From a law-abiding point of view it is “shocking” that the German government wants to buy the stolen goods," writes commentator Patrick Feuz in Bern’s Der Bund newspaper.
With the world growing smaller countries are pressured to all play on the same level, even if it means giving up their citizens personal financial information.
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