Wednesday, June 25, 2014

HP and other companies on the Hook with Banks for $200 Billion+ worth of data breach losses






Data Breaches have been a major impact to many large corporations in the past. This phenomenal article with solid evidence for banks to file lawsuits against company's such as HP, NEC, and Tresys. This is solid evidence, which proves the downfall of many data breaches dated back to 2012 to present totaling $211 Billion (Banks are on the Hook for $211 Billion in PCI DSS fraud losses) (BIDNESSETC) (2014). Many data breach cases accumulated in the past years, but many of the cases was blamed on malacious Viruses and Malware. The criminal data breach cases that was charged to criminals, which mainly evolves around Russian, Chinese, and Foreign race backgrounds.  According to Reports, The PCI DSS highly sensitive mechanisms that is accessible to anyone on “GOOGLE”, if you know what you are searching for? The following breached data, which appears to be the entire PCI DSS coded mechanisms has been, floating on the Internet for 2 years. Billions of Credit Card transactions uses this same coded mechanisms to secure systems such as Target, PNC Bank, Chase Bank, Paypal, and many more corporations who have adopted PCI DSS compliant model. Target has calculated more than $18 Billion to settle the entire case, which cost banks more than $200 Million (Banks could see more that $18 Billion in Damages) (Circa) 2014. The PCI DSS code consists of one to secure the computer system and implant backdoor access to make planned attacks. This allows PCI DSS compliant companies to setup to be searchable on Google to provide solutions to Small, Medium, and Large Merchant organizations. Currently, the search results on Google is at 4.8 Million PCI DSS compliant companies, which PCI DSS follow the 12 requirements to secure systems (4.8 Million PCI DSS companies searchable) (Google) 2014. The following PCI DSS code mechanisms can be coded in many different languages, but the same functions can be carried out. Through further examination Hewlett Packard “HP” name is listed in the PCI DSS compliant code. Analyzing the code through each line the term “MLS”, which means Multi-Layer Security, which is hard coded with PCI DSS compliant systems. The following code is accessible to anyone on the World Wide Web as of this writing of this article; which allows any hacker to examine these systems, easily hack, and breach any organization systems. The following Link is the entire repository to the PCI DSS code that can allow any experienced hacker or coder to setup a company and deploy the PCI DSS code to Millions of Servers ( PCI DSS Tresys Code Repository) (2014). When examining Tresys website, HP and Tresys are partners to provide PCI DSS solutions to Corporations around the globe (Tresys partners with HP) (Tresys) (2014). Tresys was acquired on January 9, 2013 by Behrman Capital, which is a Multi-Billion dollar company primarily focused in five industries: health care, specialty manufacturing, business to business outsourcing, defense and information technology. The firm has raised five funds with a combined capital base in excess of $3.0 billion (Behrman Capital buys Tresys) (NEWSWEB) (2014) . The term MLS refers to Multi-Level Security, which is used with PCI DSS to secure customer sensitive data is located on an open public repository, which includes many other billion dollar corporations (MLS PCI DSS Code) (Code) (2014). If a hacker or coder views the following code they can be able to compromise Millions of PCI DSS Servers and understand the security structure. This is the first time in History that HP and a partner breached PCI DSS coded mechanism data, which is accessible to anyone on the World Wide Web. The media frenzy with Target facing lawsuits can be pinned on this ground breaking news among others in the mix. The multi-level security ensures sensitive data is highly protected - by powerful, stable, redundant systems - without risk of data leaks, loss or compromised (HP PCI DSS Handbook) (Filibeto) (2014). On November 5, 2013, HP partners with Accumulate to provide secure processing solutions and payment technologies to a number of banks and telecommunication companies in the Americas, Europe and Asia (HP Partner with Accumulate to provide PCI DSS Solutions) 2013 (CIOL) 2013. The amount referenced to be at $211 Billion may over exceed $500 Billion on a Global scale, but the PCI DSS mechanisms is floating on the Internet accessible to anyone to steal Credit Card Data.Link is the entire repository to the PCI DSS code that can allow any experienced hacker or coder to setup their ow