Feeds

Bank insider charged over ATM malware scam

BofA BOFH cuffed

3 Big data security analytics techniques

An IT worker at Bank of America has been charged with hacking ATM systems so that machines handed out cash without recording his transactions, IDG reports.

Rodney Reed Caverly, of Charlotte, North Carolina, was charged with a single count of computer fraud over the alleged creation of malware that infected bank computers and ATMs. The alleged miscreant used his inside knowledge as a member of staff responsible for designing and maintaining computer systems and cash machines to carry out the crime, prosecutors charge.

Fraudulent withdrawals took place between March 2009 and October 2009. Losses to the bank are unspecified at this stage of legal proceedings, but above the $5,000 minimum necessary to file computer fraud charges.

Bank Infosecurity reports that the fraud, which did not affect customer accounts, was detected using the BofA's internal control system.

Caverly, who faces charges punishable upon conviction by a prison sentence of up to five years, is next due to appear before a Charlotte court next Tuesday (13 April). ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.