Still confused about the Panama Papers? This explainer will help you out

The Panama Papers are a massive leak of over 11 million files that total over 2 TB of data from the Panamanian law firm Mossack Fonseca, which specializes in creating shell companies where wealthy individuals can secretly hold and control financial assets.  

So how did the largest data leak in history happen, and why does it matter?

Check out the video above for everything you need to know about the Panama Papers, all in less than two minutes.   

And for more Mashable Explains, make sure to subscribe to Mashable on YouTube.

Also, Mashable Explains is nominated for a Webby Award and we need your help to win! To vote, head over to the nomination page and choose Mashable Explains for best How-to & DIY video series.  Do it in the next ten minutes, and a capybara will magically appear.      

BONUS: Who is Showry?

Have something to add to this story? Share it in the comments.