Rx_
Nothing In Moderation
- Local time
- Today, 10:44
- Joined
- Oct 22, 2009
- Messages
- 2,803
Target stores in the US reported tens of millions of people's security were breached with the Point-Of-Sales registers.
While the companies receive a slap-on-the-wrist fine, the problem appears to be growing. There is a question about the ability (or willingness) to hold foreigners accountable if they were involved or to hold companies liable.
Consumer Protection laws require disclosure of Risk in everything from food to toys.
-- Should Electronic Data Processing require notice too?
-- Is ID Theft equal to terrorism?
-- Should Companies such as Wall-Mart, Target be held fully responsible even if it means they go out of business?
-- Do you worry about Identity and Fraud from your credit card?
Target.com web site shows that IT jobs takes place in India.
Apple (Adobe) also was breached years ago. Since then, there have been many including a credit card processing company fined when foreign workers knowingly wrote process into the code that is used for credit cards information transfer for other purposes. The trend appears to be growing.
http://www.marketwatch.com/story/infosys-faces-record-us-immigration-fine-2013-10-29
"The government is expected to announce Wednesday it will fine Infosys about $35 Million" (out of the several billions in profits). Nobody will go to jail. Is $35 Million just the cost of doing business?
The H1-B Visa (a permit to bring employees from India to replace US technical workers) Article: "alleged practice enabled Infosys to undercut competitors in bids for programming, accounting and other work performed for clients, according to people close to the investigation. Infosys clients have included Goldman Sachs Group, Wal-Mart Stores Inc. and Cisco Systems Inc. "
InfoSys Article: "Mr. Palmer said he attended meetings in Bangalore, where Infosys officials discussed the need to find "ways to creatively get around the H-1B limitations and process to work the system to increase profits and the value of Infosys" stock," according to the lawsuit. According to Mr. Palmer's complaint, he was asked to prepare letters in support of B-1 applications stating "the employee was coming to the United States for meetings, rather than to work at a job." "
Basically, the article covers how Infosys and other company get around the visa laws by claiming workers are here for a convention. There is no background security checks.
The US GAO (Gov Accounting Office) has said they loose track of these visas. Estimates are there are over 300,000 IT workers in the US. Even my own Congress representative told me "there is a shortage of qualified or skilled US Workers" so Congress should keep raising the quota.
As for me, I am going back to cash. But, banks are now limiting how much cash a person can withdraw out of their own account.
While the companies receive a slap-on-the-wrist fine, the problem appears to be growing. There is a question about the ability (or willingness) to hold foreigners accountable if they were involved or to hold companies liable.
Consumer Protection laws require disclosure of Risk in everything from food to toys.
-- Should Electronic Data Processing require notice too?
-- Is ID Theft equal to terrorism?
-- Should Companies such as Wall-Mart, Target be held fully responsible even if it means they go out of business?
-- Do you worry about Identity and Fraud from your credit card?
Target.com web site shows that IT jobs takes place in India.
Apple (Adobe) also was breached years ago. Since then, there have been many including a credit card processing company fined when foreign workers knowingly wrote process into the code that is used for credit cards information transfer for other purposes. The trend appears to be growing.
http://www.marketwatch.com/story/infosys-faces-record-us-immigration-fine-2013-10-29
"The government is expected to announce Wednesday it will fine Infosys about $35 Million" (out of the several billions in profits). Nobody will go to jail. Is $35 Million just the cost of doing business?
The H1-B Visa (a permit to bring employees from India to replace US technical workers) Article: "alleged practice enabled Infosys to undercut competitors in bids for programming, accounting and other work performed for clients, according to people close to the investigation. Infosys clients have included Goldman Sachs Group, Wal-Mart Stores Inc. and Cisco Systems Inc. "
InfoSys Article: "Mr. Palmer said he attended meetings in Bangalore, where Infosys officials discussed the need to find "ways to creatively get around the H-1B limitations and process to work the system to increase profits and the value of Infosys" stock," according to the lawsuit. According to Mr. Palmer's complaint, he was asked to prepare letters in support of B-1 applications stating "the employee was coming to the United States for meetings, rather than to work at a job." "
Basically, the article covers how Infosys and other company get around the visa laws by claiming workers are here for a convention. There is no background security checks.
The US GAO (Gov Accounting Office) has said they loose track of these visas. Estimates are there are over 300,000 IT workers in the US. Even my own Congress representative told me "there is a shortage of qualified or skilled US Workers" so Congress should keep raising the quota.
As for me, I am going back to cash. But, banks are now limiting how much cash a person can withdraw out of their own account.
