Freecash malware on ATMs gets programemr 27 month prison sentence

first_imgMarch to October 2009 was a cash-rich period for 53-year-old Rodney Reed Caverly. He was able to visit specific Bank of America ATMs and withdraw well over his account limit without a flag being raised. In fact, the machines didn’t even show a record of those transactions.This was possible because Caverly was employed as a programmer from 2007 at Bank of America. During his time there he gained access to the system controlling ATM machines, and proceeded to install malware on a few he selected that were local to him. That malware allowed him to visit each machine and carry out an untraceable withdrawal that required no access to any one person’s account. It just told the machine to give out some cash from the funds it had.AdChoices广告In total, Caverly managed to withdraw $284,750 from the ATMs before he was caught. When arrested, $167,010 of that was found in his place of residence as far as we know.He pleaded guilty to the charges of defrauding the bank back in April, and this week received a 27 month federal prison term. He has also been ordered to pay $419,310.90, which is the amount he stole plus $134,750.90 in costs. The costs are so high as Bank of America had to go through and remove the malware from each machine.Read more at SecurityWeek (image courtesy of MIT)Matthew’s OpinionI’d say that working as a programmer in a bank is going to get you a pretty decent salary. But then that doesn’t seem to matter for those intent on stealing. They always want more so as to live out some lifestyle they couldn’t otherwise afford.Caverly was not only stupid for trying this, but for stealing so much in such a short period of time. The bank is going to notice when they come up over a quarter of a million dollars short in just 7 months on the ATM records. Now he has lost it all, his job, and his reputation. After 27 months in prison lets hope he realizes what a huge mistake he made and puts his skills to better use.last_img read more