So, BoA said they got hacked. Except it wasn't actually the bank, it was a subsidiary that is owned by the off shoring technology firm Infosys. In other words, an Indian technology third party caused BoA to have their customers data stolen.
19 replies (most recent on top)
Post ID: @1wqr+1r3pHm6v
Glad to hear the regulators know and are not happy!!
Now where’s the hiring pause for India??
Apparently no one has heard year that outsourcing is in progress at wells. It will start with tier 1 resources. This unfortunately is not a rumor. It will happen.
All kinds of fraud occurring at Wells Fargo India. Thousands involved. Huge deal and the regulators are not happy to say the least.
It was never good in the States or offshore @ega+1r3pHm6v
Post ID: @nze+1r3pHm6v
The service from India and the Philippines ISN’T the same. It’s worse!
Post ID: @nze+1r3pHm6v
I’m not taking about customers knowing that WF offshores to India.
I am carefully and lightly referencing real situations swept under the rug. Not common knowledge. If it was, customers would be upset and would start to question WF’s offshoring practices rather than just accept it.
Offshore employees are always touching themselves and pulling at their pants.
@mpl+1r3pHm6v sorry to pop your bubble, but most of the customers know and guess what? They don’t care. As long as the service stays the same and the fees are low they are good. Kinda like most manufacturing goods. Everyone like to say I buy Made in the US products until you that Made in the US price lol
Wow, and WF USA never had a breach or scammed customers? People in glass houses shouldn’t throw stones.
You might want to check your racial bias at the door.
Oh there’s so much to be said about India and the lack of integrity. It cannot be swept under the rug forever. Eventually customers will find out. Eventually WF will suffer and the expense “save” of offshoring there will cost the bank significantly.
Sadly, many of us will be long gone before that is brought to light in the US.
If you know, you know.
@ixb+1r3pHm6v So let me point out some facts here…. Outsourcing it India, Philippines and other countries have been happening for decades… even if there was a leak of client data the cost savings outweigh the potential leak of some data to these firms… it won’t save your job… they will figure out a way to tighten security there before they bring back jobs here in the states. The clients will have a hard time proving their data was stolen from this leak.
Odds on Wells actually seeing this and doing something about this?
It's sad that the first few replies were from people too dim to see the relevance of the hack.
there are several points:
- this wouldn't have happened if BoA hadn't outsourced to india
- infosys is likely complicit in the theft (e.g. someone inside infosys on the scammer's payroll leaked the data)
- scamming is a huge part of indian economy
- scamming is bad
What's your point?
so the stolen data will go to scammers in india and pakistan who will then prey on BoA customers.
Ok?
And?
So?