As a follow-up to a case reported here previously, Kim Zetter reports that a former Bank of America employee, Rodney Reed Caverly, pleaded guilty Tuesday to installing malware on more than 100 ATMs, and stealing $304,000 over a seven-month period.
Authorities were able to recover at least $167,000 in cash after the worker told U.S. Secret Service agents where they could find the money, according to a press release issued by the U.S. Attorney’s office in North Carolina, where the charges were filed.
Caverly’s attorney told Threat Level that his client wrote the code himself. It instructed the ATMs to dispense cash without creating a record of the transactions.
“I have seen some media speculation that this event is somehow related to an Eastern European computer virus from last year,” defense attorney Christopher Fialko said in an e-mail. “It is not.”
Read more on Threat Level.