Feeds

IT insider admits stealing info for 2,000 bank employees

Makes off with $1.1m

Top 5 reasons to deploy VMware with Tegile

A former IT worker for the Bank of New York has admitted to stealing personal information of 2,000 employees and using it to steal more than $1m from charity bank accounts, city prosecutors said.

Adeniyi Adeyemi, 27, used his position as a contract computer technician at the bank's headquarters to steal the personal identifying information of 2,000 employees, most of whom worked in the IT department. Over an eight-year span, he used the information to set up dummy bank accounts in the employees' names and then transfer stolen funds from at least 11 charities throughout the world.

Adeyemi used publicly available routing numbers for the charities to initiate wire transfers through financial sites such as ETrade and Fidelity and deposit them into the dummy accounts. To better cover his tracks, he then transferred the funds to a second layer of dummy accounts, according to a press release issued by the New York City District Attorney.

Adeyemi also used the stolen employee data to steal directly from his co-workers by changing the contact information with their banks and taking control of their online accounts. In all, his scheme netted $1.1m, prosecutors said. To prevent his scheme from being detected, he structured transfers to be just below the $10,000 threshold that requires financial institutions to report the transactions to authorities.

Adeyemi pleaded guilty to grand larceny, money laundering, and computer tampering. Sentencing is scheduled for July 21. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Regin: The super-spyware the security industry has been silent about
NSA fingered as likely source of complex malware family
Why did it take antivirus giants YEARS to drill into super-scary Regin? Symantec responds...
FYI this isn't just going to target Windows, Linux and OS X fans
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
Home Office: Fancy flogging us some SECRET SPY GEAR?
If you do, tell NOBODY what it's for or how it works
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.