Bank of America

Bank of America Employee Sentenced Following ATM Scam

A former Bank of America employee was sentenced to twenty seven
months in prison after installing software on the bank’s computers that
allowed him to steal thousands of dollars from ATMs, according to an
Associated Press report.Rodney Reed Caverly of Mint Hill, N.C.
was ordered to pay $419,310.90 in restitution, according to the U.S.
Attorney’s office in Charlotte. Caverly, who worked for BOA’s IT
department, plead guilty last year after it was discovered he’d
programmed certain BOA ATMs “to make fraudulent and unauthorized
disbursements of cash.”

There was lots of noise and distraction on the crowded Expo floor of the RSA Security Conference this year. After a grueling couple of years, vendors were back in force with big booths, big news and plenty of entertainment designed to attract visitor traffic. Wandering the floor, I saw – variously – magic tricks, a man walking on stilts, a whack-a-mole game, a man dressed in a full suit of armor and a 15 foot long racetrack that I would have killed for when I was 10.

A phishing campaign via the Donbot botnet has been spamming unsuspecting Bank of America customers, according to a blog post by Rodel Mendrez at M86 Security Labs.Online banking customers who’ve been targeted receive an e-mail that appears to be from Bank of America instructing the user to confirm their online banking details. After downloading an attachment that claims it’ll restore customer’s account access, researchers found the phishing trick.

Two of the largest U.S. banks —  Bank of America and Citigroup — have issued new credit and debit cards to Massachusetts customers after running into data-safety concerns.

Bank of America and Citigroup each recently issued replacement cards to consumers, telling them in letters that their account numbers may have been compromised.  Read the full story []

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