BofA IT worker charged with ATM hack

BofA IT worker charged with ATM hack

A Bank of America IT worker has been charged with hacking the firm's cash machine systems, enabling him to make withdrawals at ATMs without the transactions getting logged, according to IDG.

Rodney Reed Caverly, of Charlotte, North Carolina, worked at the bank's IT department on the design and maintenance of various systems, including those used by ATMs.

Last week he was charged with computer fraud in relation to a malicious program. It is not known how much Caverly's alleged scam - which ran from March to October 2009 - netted him but it is above the $5000 statutory minimum for filing the charges.

The suspect is set to plead guilty next Tuesday says IDG, citing his lawyer, Christopher Fialko, and faces a maximum sentence of five years.

BofA insider to plead guilty to hacking ATMs - IDG

Comments: (1)

Lachlan Gunn
Lachlan Gunn - BenAlpin Ltd - Perth 09 April, 2010, 09:51Be the first to give this comment the thumbs up 0 likes

The 'insider' threat, ever present but often under-stated.  Wonder how much the bank actually lost?