A Bank of America doer installed malicious software system on his employer ’s ATMs that allowed him to make thousands of dollars in deceitful withdrawal , all without leaving a dealing record , harmonise to federal prosecuting officer .
Rodney Reed Caverly , 37 , was a appendage of the savings bank ’s IT stave when he installed the malware . The Charlotte , North Carolina , adult male made deceitful climb-down over a seven - month full point cease in October 2009 , allot to prosecuting officer , who ’ve bear down him with one count of computer fraud .
The political science would n’t say how much money Caverly stole ; thecharging document(.pdf ) , filed April 1 , submit only that his payoff surpassed the statutory lower limit of $ 5,000 .
Caverly , reached by phone , told Threat Level he had no comment , and hung up . According to court records , he has entered into a plea agreement with prosecutors and is typeset to come out in court on April 13 .
“ I am perfectly , entirely shocked . It does n’t fathom like something he would do . This is just absolutely unhinged . ”
Caverly was formerly the founder and CEO of Sovidian , LLC , a North Carolina - based software evolution company established in 1999 . The company merged in April 2003 with Data On CD , a papers management and archiving firm . According to a tidings expiration on Sovidian ’s web site announcing the uniting , the company has allow for “ tailored software and software integrating resolution for the finance diligence for over 10 age , ” and weigh Bank of America and two other major financial institutions as customer .
“ Our customers drift from expectant inspection and repair bureaus ( IBM , EDS and M&I Data ) ; to multibillion dollar banks ( Bank of America , First Union and Bank of Nova Scotia , Canada ) ; to local community banks , ” Caverly is quoted as saying in the sack . “ Banks are very individualistic . Each situation and operating environment is completely unlike . There areno off - the - ledge solutionsespecially for mix new and old engineering science and app . We narrow down in have applications utter to each other and integrate computer peripheral into exist package surround . ”
Tom Chase , world-wide handler for Sovidian , told Threat Level that the company has n’t had any banking or finance customer since 2004 , and that Caverly has n’t worked there for years . Though he ’s still a major investor in the concern , he has “ very trivial involvement ” with it now , say Chase .
“ I am absolutely , completely shocked [ by the charge ] , ” Chase say . “ It does n’t sound like something he would do . This is just utterly crazy . ”
Caverly took the job with Bank of America some clip around 2007 , say Chase .
The charges were file the same day that citation circuit card company Visa admonish the banking industry that Eastern European ATM malware recently showed up in America for the first clip .
That codification , initially spotted last year on some 20 ATMs in Russia and Ukraine , was designed primarily tocapture PINsand bank card magstripe data , but also allowed thief to instruct the machine to eject whatever cash was still in it . At the time , security firm Trustwave warned that the malware was likely headed for ATMs in the United States .
At least 16 versions of the East European malware have been found so far and were designed to attack ATMs made by Diebold and NCR , according to the April 1 Visa alert .
There is no data tying the malware found in Russia with the malware allegedly used by Caverly . Bank of America did not instantly answer to a call for comment about the case , but tell the Associated Press that thebank discovered the thefts internally . Caverly ’s lawyer did not give a call .
Nick Percoco , vice president and head of Trustwave ’s SpiderLabs Incident Response Team , said the malware does sound like it could be the malware found in East Europe or a rendering of it .
“ [ Caverly ] could have obtained a transcript of that and modified it for his own use , ” he told Threat Level . “ But the ability to dispense immediate payment without transcription natural action – that was definitely a feature of the East European malware . ”
picture : James Merithew , Wired.com
Wired.com has been expand the hive creative thinker with technology , science and geek culture news show since 1995 .
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