Ex-BofA IT worker jailed for ATM hack

Ex-BofA IT worker jailed for ATM hack

A former Bank of America computer programmer who planted malware on the firm's ATM systems, enabling him to make fraudulent withdrawals, has been jailed for 27 months.

Rodney Reed Caverly, who pleaded guilty last year, was also handed two years of supervised release and told to pay $419,310.90 in restitution - $284,750 to cover the money he stole and $134,750.90 for costs incurred by BofA removing the malicious code.

According to court records, while working on a project involving the bank's ATM system, from March 2009 to October 2009, Caverly exceeded his authorised access to deploy a malicious computer code to select machines.

The code caused infected ATMs to disburse cash without any transaction record, although it only affected money stored in the machines and did not impact any customer accounts.

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