Bank of America insider to admit planting malware on ATMs

Filed Under: Malware

ATM cash machineA worker at Bank of America is expected to plead guilty tomorrow to charges that he installed malware onto his employer's ATM cash machines that allowed him to withdraw cash without being noticed.

According to prosecutors, 37-year-old Rodney Reed Caverley of Charlotte, North Carolina, was a member of the bank's IT staff when he infected the ATMs, giving himself the opportunity to make fraudulent withdrawals for a period of seven months until October 2009.

Precise details of how much money is believed to have been stolen have not yet been made public, but it is believed to be at least $200,000.

A spokeswoman with Bank of America says that the firm's staff detected the problem through their internal systems, and that customers accounts were never at risk. Hopefully the case will act as a handy reminder to all financial firms to keep a watchful eye on who they employ in their IT departments with responsibility for designing and maintaining their computer systems.

Caverley faces up to five years in jail if found guilty.

ATM theft allegations

This isn't the first time that the Clu-blog has reported on hackers having ATM cash machines in their sites, of course.

For instance, last October a 23-year-old pizza delivery boy escaped jail after using information he found on the internet to hack into ATMs and change their settings to allow him to steal money, and a year ago Sophos discovered used by Russian hackers in an audacious attempt to steal money.

It's not known presently whether the malware allegedly installed by Caverley is a variant of that seen in the Russian cases.

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About the author

Graham Cluley is an award-winning security blogger, and veteran of the anti-virus industry having worked for a number of security companies since the early 1990s. Now an independent security analyst, he regularly makes media appearances and gives computer security presentations. Send Graham an email, subscribe to his updates on Facebook, follow him on Twitter and App.net, and circle him on Google Plus for regular updates.