[Year 12 IT Apps] Malware fraud

[Mark KELLY]

An interesting tale of ethics and data insecurity ...

http://www.wired.com/threatlevel/2010/04/atm-hack/

A Bank of America worker who installed malicious software on his employer’s
ATMs was able to siphon at least $200,000 from the hacked machines before he
was caught, according to a plea agreement he entered with prosecutors last
week.

Rodney Reed Caverly, 37, was a member of the bank’s IT staff when he
installed the malware, which instructed the machines to dispense free cash
without creating a record of the transaction. The Charlotte, North Carolina,
man made fraudulent withdrawals over a seven-month
period<http://www.wired.com/threatlevel/2010/04/bank-of-america-hack/>ending
in October 2009, according to prosecutors, who’ve charged him with
one count of computer fraud.

Read More http://www.wired.com/threatlevel/2010/04/atm-hack/#ixzz0kvRUWvy7


-- 
Mark Kelly
Manager - Information Systems
McKinnon Secondary College
McKinnon Rd McKinnon 3204, Victoria, Australia
Direct line / Voicemail: 8520 9085
School Phone +613 8520 9000
School Fax +613 9578 9253
kel at mckinnonsc.vic.edu.au

Webmaster - http://www.mckinnonsc.vic.edu.au
IT Lecture notes: http://vceit.com
Moderator: IT Applications Mailing List

The early bird may get the worm, but the second mouse gets the cheese in the
trap.
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