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.

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suspectsIn Virginia Beach authorities are investigating an ATM scam that has stolen the financial information of more than 25 people. The secret service, Virginia beach police, network news, and Richmond have all come together in order to stop these attacks from happening. The thieves, a man and woman, were seen on a bank security system placing a magnetic scanning device that would scan the information of any card used at the machine.

There has been at least one victim who has come forth and complained of receiving fraudulent charges. Officials have located an ATM skimming device at a Virginia Beach Wachovia Bank. According to Virginia beach officer Jim Barnes,  the police have discovered other skimming devices but were reluctant to reveal the number of devices found.

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