CHARLOTTE, N.C. – Federal prosecutors last week charged a Bank of America employee with plotting to install malicious computer code within BofA’s systems so that ATMs would dispense cash without any record of a transaction.
The charges were filed against Rodney Reed Caverly, who had been responsible for maintaining and designing computer systems at the bank, including computers that controlled BofA’s ATM transactions. Prosecutors have alleged that Caverly used computer code within the bank’s protected computers so that the ATMs would make fraudulent disbursements.
Over a seven-month period, said prosecutors, Caverly was able to obtain more than $5,000 from the compromised machines. BofA officials said they detected the problem with their internal controls and turned the case over to authorities. No customer accounts were compromised.
