BofA insider to plead guilty to hacking ATMs

BofA insider to plead guilty to hacking ATMs
BofA insider to plead guilty to hacking ATMs 

By Robert McMillan
IDG News Service
April 7, 2010

A Bank of America computer specialist is set to plead guilty to charges 
that he hacked the bank's automated tellers to dispense cash without 
recording the activity.

Rodney Reed Caverly, of Charlotte, North Carolina, is scheduled to plead 
guilty to a computer fraud charge next Tuesday in federal court in 
Charlotte, according to his lawyer Christopher Fialko, who declined to 
comment further on the case.

Caverly was charged last week with one count of computer fraud for 
allegedly writing a malicious program that ran on Bank of America's 
computers and ATMs, according to court filings. The documents say 
Caverly made more than the statutory minimum of US$5,000 from the scam, 
but they do not spell out the bank's total losses. That number could 
come out when his plea is entered next week.

He faces a maximum sentence of five years in prison.

Caverly had worked in Bank of America's IT department where he designed 
and maintained computer systems, including those used by the ATMs. The 
alleged scam ran between March 2009 and October 2009.


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