Did you realize the ho-hum “nothing to see here” attitude by the mainstream media about the security compromise of 40 million cardholder accounts from Target? Did you also realize even your lazy behind didn’t try to get a clue on how serious this data breach was and will need to read this article to find out? The reason why is because if we all knew the true expert opinions on the card breach at Target, the US Economy would have been in shambles right now and now that the holiday season is over, it’s time to be honest about what happened at Target from our expert opinion.
We believe from our research and history, the credit card machines Target are using were probably comprised at the point of manufacturing. We believe the point of sale terminals may have interceptors installed and had backdoor access and was skimming in real-time. We also believe whoever did this, knew to wait until the holiday season start to activate the interceptors and also put into place a team of mules to start receiving card data and start spending immediately. This was not some lightweight data breach and this points to a very sophisticated group coming out of a certain big country in Asia that will go nameless at this time.
Some security experts say this was an inside job and I say they are full of sh*t and they know it. Common sense will tell you no insider got the balls to steal 40 million accounts from their own company – ain’t a damn insider cat that bold enough so that theory is garbage and the security experts who said that ish know it. The only ones bold enough to go after 40 million accounts are outside cats who knew how to Trojan Horse their way in and believe they can get away with it because they have international papers to hide who they are if the heat come down on this. All that points to cats originally from a certain big country in Asia that will go nameless at this time.
Then when you look at other data breach cases, you come to find out this is not what is described as a data breach and the claims of encryption do not matter or worthless. In most of these cases we seen, the credit card was skimmed or streamed in real-time or as I stated before, intercepted at the very point a consumer swiped the card through the payment terminal and most likely before so-called encryption kicked in. This is not the 1980s and ish where hackers take over computers or can infiltrated a database server – no one does that “kid hacking nuclear missile silos from a commodore 64” ish anymore and 21st century systems are too secure and the only way something like data theft can happen is with an inside job and that is a physical inside job where someone goes in and physically hack a network. Target 40 million record theft was not a data breach, it was a highly sophisticated skimming operation.
If you talking 40 million accounts being stolen in real time and instantly being put back in illegal circulation, the most logical way that can happen is those chips in that payment card machine were comprised from the manufacturing point to have a backdoor. Now, until someone show you they smart enough to read ROM chips which I doubt they can, don’t trust a damn word that come out of their mouth. The first thing that should have been questioned is where the hell those point-of-sale machines came from? But then again, that is why this whole story did not make it on the mainstream media news and was suppressed and they got you cats believing some “data” was hacked or whatever.
If it came out those point-of-sale machines were most likely compromised during the holiday shopping season, Americans would stop spending almost immediately and that would crash the stock market. Retailers who are already losing on razor thin margins would have deepened their losses and retailers would have to be shut down. Communities would be devastated and the job numbers would be devastated in the 1st and 2nd quarter of 2014. The ripple effect would have been worse than the collapse of the banks because consumer confidence in spending using those cards would have dropped significantly if people did not trust any card payment terminal.
When there is a bird flu in Asia, the first thing they do is kill all the birds and the same with swine flu, the piggies are culled immediately. When there a problem with a line of cars, the manufacturing recall all of the cars. But for some reason, you cats want to believe those credit card terminal machines in Target were just all perfect and working just fine after hearing 40 million cardholder accounts were compromised – ain’t nothing wrong with those machines, right? You haven’t heard one statement talking about Target replacing or destroying all of their payment terminals as a precaution have you?
Because the truth is, Target is not the only one with compromised machines. Even worse, we believe someone flipped the switch on exactly at the right time during the holiday season to start skimming cards in real-time and have a real organized syndicate of mules to put those stolen card numbers to use and sell them on the open market. These people are in control of when they can take cardholder information and these other cats only can respond after they find out after the fact cardholder information was stolen. The hackers behind this setup is not lightweight and no one is that big in Eastern Europe to do that. I can only think of only one source of cats that are close to the manufacturing of these payment terminals, sophisticated enough to create the chips behind the systems and also smart enough and bold enough to pull this ish off with a sense of pure impunity. And that is in a region of a big country in Asia that will go nameless at this time.
And I know damn well the security experts know exactly the same thing since this happened to Aldi’s back in 2010 but they didn’t want you cats to be alarmed during the 2013 holiday season. Here is the problem – the old outdated magnetic stripe cards you guys are using right now are controlled by banks and financial leaders – this is their control of the money. You better believe this who discussion comes down to control of the money. So when you have alternative payment schemes like virtual currency, virtual wallets with tokenization features and peer-to-peer payment networks that anybody can take on the status quo money moguls and take market share, the status quo financial cats want to protect their turf. That is why you didn’t see NFC and other stuff take off here in the USA like it should have and how they ran into Africa real quick to crowd that market with fragmented digital payment schemes to prevent M-Pesa from becoming an African Union standard.
What you is seeing going on right now is the media and others in tacit collusion to keep the existing financial institutions in control of the money and prevent payment innovation by startups from outpacing the status quo. But you also see a smart organized crime ring that knows they can steal your card accounts with impunity at this time because they know the financial industry will tolerate these thefts to keep magnetic stripe cards in play until they can innovate and mass market a new solution for payments. And the media is being told by the government and financial status quo to stay quiet to avoid panic and that is a giveaway that mainstream media news is compromised and not a source of free informative information. This is what we believe and our experience and expertise brings us to this conclusion.
What has to happen in 2014 is new entrants with virtual card, tokenization and other modern schemes have to force their next-generation payment solutions on the market and grow a pair of balls and go hard with it. Stop bullsh*tting and acting pretty creating “mobile payment consortiums” and sh*t where multiple players want to impede progress while pretending to others they about progress of next-generation payment solutions like NFC. Startups need to go hard and explain exactly why next-generation payment solutions like mobile payment solutions are better than mag stripes and win the everyday customer over.
These next generation payment companies need to stop trying to be liked and loved and want trickle down action from major card companies taking their cards and process payments. Instead of trying to accept credit cards and pass it through a mobile payment system, create your own damn mobile payment system account and balance! We believe new payment entrants in 2014 should stop protecting the financial industry status quo and move next-generation, more secure payment solutions to market as soon as possible which may boost the US economy instead of keeping our economy in the can trying to protect from weak and outdated magnetic stripe payment methods.