Swiss wealth managers urge delay to ownership register after Liechtenstein hack

Swiss wealth managers are advocating for a postponement of the implementation of a new ownership register following a significant data breach in Liechtenstein that exposed the ultimate owners of over 500,000 companies and entities. These financial professionals are voicing serious cybersecurity concerns, fearing that the public availability of such detailed information could lead to increased risks of cyber attacks and identity theft. This push for delay underscores the broader implications for global financial security and the need for stringent data protection measures.