An employee of the Bank of America that was in charge of designing and maintaining the the bank’s computer system and its ATMs, was charged of committing computer fraud.
The accused – Rodney Reed Caverly, of North Carolina – allegedly designed a piece of malicious software and infected the system with it so that he could withdraw money from the ATMs without them recording that the transaction occurred.
According to BankInfoSecurity, the inserted malware was discovered during the bank’s internal control. The Bank of America says that the money wasn’t withdrawn from a user account, and have not specified the total amount that Caverly took. But, it must have been over $5,000, since that is the minimum necessary for fraud charges to be filed.
If found guilty, he could be sentenced to up to 5 years in prison.