Bank of America Employee Responsible for ATM Scams

bank_of_americaWe’ve seen one too many ATM scams pop up in the news over the course of the past year, but this latest scam is especially disturbing because it involves a bank employee. In Charlette, North Carolina a member of the IT Staff at a Bank of America branch ended up installing malware onto the bank’s ATM machines. It has been discovered that he used the malware to make fraudulent withdrawals over the course of a seven-month period.

Many suspect that Rodney Reed Caverly, 37, used malware code that originated in Russia and the Ukraine. The code which was discovered last year, was used in 20+ ATMs overseas, is designed to capture pins and bank card magstripe data, and it also allows thieves to instruct the machine to eject whatever cash still inside of it.

About the author  ⁄ BrickHouse Security

BrickHouse Security is the industry's premier supplier of security and surveillance solutions. As a recognized authority in GPS tracking, hidden cameras, employee monitoring and compliance, video surveillance and counter surveillance, we help our customers use technology to get the clarity they need. We proudly serve consumers, businesses of all sizes and the law enforcement community. When you need to know, BrickHouse has the answers.