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Bank employee suspected in ATM attack

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Bank employee suspected in ATM attack

SearchFinancialSecurity.com Staff

A man who worked at Bank of America Corp. as a computer technician is suspected of deploying malware on ATMs so they would dispense cash without any record of the withdrawal.

Rodney Reed Caverly maintained and designed computers, including ATMs, at Bank of America, according to court documents filed last week in federal court in North Carolina. He allegedly installed malicious code on the bank's computers and ATMs in order to cause the ATMs to dispense cash without any record of the disbursements.

Prosecutors said the fraud occurred between March 20, 2009 and Oct. 11, 2009. Caverly obtained more than $5,000 in the scheme, they said.

A plea hearing is scheduled for April 13.

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