Liechtenstein, a secrecy haven for the ultra-rich, is starting to crumble

Liechtenstein has long been known as a hub where some of the world's wealthiest families shelter their fortunes through secretive foundations. But a recent cyberattack showed that even the country's vaunted wall of secrecy may be more fragile than assumed. Rather than stealing money from bank accounts, the attackers sought the identities of the real owners behind multimillion-dollar foundations.

Experts say the episode reflects growing pressure on Liechtenstein's decades-old tradition of strict financial secrecy. The European Union and international bodies have pushed for years for greater transparency around such foundation structures as part of efforts to combat tax evasion and money laundering.

Country officials said they would tighten cybersecurity measures to preserve confidence in the financial sector. But analysts note that as digital threats grow, even one of the world's most closed financial centers can no longer stay fully insulated.