Former Bank of America Worker Stole from ATMs
A Bank of America employee has been charged with computer fraud after installing malicious software on BofA ATMs. The software allowed Rodney Reed Caverly, 37, to make fraudulent withdrawals over a period of several months.
Examiner.com reports that Caverly was a member of the bank’s IT staff when he installed the malware. While it is not clear exactly how much the former employee managed to skim from other people's accounts, court documents state that it is more than the statutory limit of $5,000.
Bank of America hasn't revealed the kind of software used but Examiner cites Nick Percoco, vice president and head of Trustwave's SpiderLabs Incident Response Team, who says it sounds like a modified version of a program that infected ATMs across Eastern Europe. The malware allows thieves to capture a card's magnetic strip info, PINs, and also the ability to force the machine to eject all the remaining cash inside of it.
Caverly is said to have entered into a plea agreement with the prosecutors and will appear in court tomorrow, April 13.
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congrats on making the software, and shame on you for using it!
Oh Great, just great!
If something like that were to hit the ATM's here in the USA, then we'd all be screwed royally!
Roaches are everywhere, but most often than not, they might be stuck in your cabinet... Damn, roaches!!! lol
Reminds me of Office Space!
Peter: Um, the 7-Eleven, right? You take a penny from the tray.
Joanna: From the crippled children?
Peter: No, that's the jar. I'm talking about the tray, the pennies for everybody.
I hope that doesn't mean you can steal up to that amount without it being a crime!
I hope that doesn't mean you can steal up to that amount without it being a crime!
I would imagine this is pertinent to the crime being classified as a misdemeanor or a felony offense.
/ianal
@noodlegts: Yes, office space. haha.
good for him
Oh Great, just great!If something like that were to hit the ATM's here in the USA, then we'd all be screwed royally!
It did happen in the US...
Great movie! - but didn't they steal the idea from one of the Superman films? :-D
Now, now. Let's not jump to conclusions just yet. We don't even have our jump to conclusions mat!
Where is my red stapler!
To those asking about the $5K - there's a limit below which the FBI won't waste their time (not sure if it's 5k or 2k) but obviously this guy was above it.
I don't use ATM's never had a need to. Guess I won't be starting anytime soon either.
No stravis the other guy was right. It really has to do with the charges wither its a misdeamor or felony
Great, I just opened an ATM account not too long ago. Time to close the account
Stupid people. I don't like working either but damn if I go low enough to steel from other hard working peoples money!!
I asked for a Mai-Tai, this is obviously a Pina Colada...
I originally saw the headline as "Former Bank of America Worker Stole ATMs" and was thinking "how did he get away with that for any length of time?"
Yeah...I'm going to have to go ahead and disagree with you on that one....umm yeeaaaaah
Back in the late 80's, I worked as a programmer with ATMs and other ETF. It is easy for a programmer to put a backdoor into the ATM software. However, once it is discovered, it is equally easy to determine who did it, because software changes (and who was involved with them) are carefully tracked. However, I hope Caverly was indeed the culprit. A smart insider thief would first steal a co-worker's login and frame his co-worker as the culprit. But then he would need to hide his ill-gotten gains very carefully, else he could still be suspect. BofA is well aware of how little they pay their programmers.
Also, it almost has to be an insider. The tech services building will have 10 times the security a branch office has, even though their isn't a penny of cash kept there. Where I worked, you couldn't even get in the parking lot without swiping your ID card and then being buzzed in by security who ID'd you from remote cameras. Then you had to swipe and get buzzed into the building by security. Then you had to swipe to move around inside the building. Your ID card only let you into the hallways you were allowed in. I think you could sneak into the White House easier than into a bank's computer room. The ATMs are not connected to the Internet. It would take some serious Mission Impossible stuff for an outsider to do this.
To those asking about the $5K - there's a limit below which the FBI won't waste their time (not sure if it's 5k or 2k) but obviously this guy was above it.
The general rule of thumb is the FBI won't get involved unless it is OVER $50k, at least in fraud cases, from what the FBI told me at the time (almost 10 yrs ago). I was a "near-victim" of a fraud attempt once and the total was $5,000 and they wouldn't touch it with a 10 foot pole, same with the local and state authorities and the CIA. In my case, I got lucky and the bank got the $$$ back just in time. Go figure!
As far as misdemeanor and felony goes, if the dude nabbed more than $1,000 it is almost guaranteed to be a felony with potential prisonment. There may be exceptions in some states, as there are some weird laws out there, federal included.
I don't use ATM's
Now, now. Let's not jump to conclusions just yet. We don't even have our jump to conclusions mat!
Epic.
no one asks the system
it is those useless judges, lawyers and FBI agents who are going to make a living on those geniuses who are smart enough to write such programs.
Stealing from people is bad. But banks who rob you 365 days a year don't put a penny into improving their systems.
Such case as this one improves banking system. An evolution happens. They should not sentence him, really. He is the reason they are fed and paid. He is the reason, we are where we are now.
Thanks to bad guys who make us safer.
Congrats on making the software,and shame you didn't get away! About time taxes payer is recover bail out money then phony print.
They get the little guy, OK he stole but the really big guys rob from us all the time, especially the government and constantly get away with it. G20 summit full of these types. Man made global warming hoax tax, come on it is stealing your hard earned cash right in front of your eyes.
@regulas
don't forget terrorists, Iraq, Iran, Afghanistan, Bird flu, Swine Flu, Cockroach flu (next?).
Iraq's oil is stolen, 90% of Afghans now grow plants for Heroin, Iran is next.
Osama bin Laden probably a hoax too - they created him to have a "right" to invade anything in the middle east. Samolian pirates are probably paid to do the piracy. Soon the US will invade east Afrika.
ZOG is watching you.