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Bank of America Employee Charged With Planting Malware on ATMs

by Shanmuga| Tweet This | Google +1 | Facebook | Stumble It | Reddit | Digg |

"A Bank of America worker installed malicious software on his employer’s ATMs that allowed him to make thousands of dollars in fraudulent withdrawals, all without leaving a transaction record, according to federal prosecutors.

Rodney Reed Caverly, 37, was a member of the bank’s IT staff when he installed the malware. The Charlotte, North Carolina, man made fraudulent withdrawals over a seven-month period ending in October 2009, according to prosecutors, who’ve charged him with one count of computer fraud.

The government wouldn’t say how much money Caverly stole; the charging document (.pdf), filed April 1, states only that his payoff surpassed the statutory minimum of $5,000.

Caverly, reached by phone, told Threat Level he had no comment, and hung up. According to court records, he has entered into a plea agreement with prosecutors and is set to appear in court on April 13." – Content courtesy of Bank of America Employee Charged With Planting Malware on ATMs | Threat Level |

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