Feeds

Bank insider charged over ATM malware scam

BofA BOFH cuffed

Combat fraud and increase customer satisfaction

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). ®

SANS - Survey on application security programs

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
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.
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.
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.