[ISN] Feds cuff coder accused of US bank source code swipe

From: InfoSec News <alerts_at_private>
Date: Fri, 20 Jan 2012 02:45:51 -0600 (CST)

By Brid-Aine Parnell
The Register
19th January 2012

A computer programmer has been charged with stealing source code worth 
$9.5m from the Federal Reserve Bank of New York, according to the FBI 
and prosecutors.

Bo Zhang, a 32-year-old from Queens in New York, was cuffed on suspicion 
of swiping the Government-wide Accounting and Reporting (GWA) software, 
used to help keep track of the US government's finances.

"Among other things, the GWA handles ledger accounting for each 
appropriation, fund, and receipt within the Department of the Treasury, 
and provides federal agencies with an account statement - similar to 
bank statements provided to bank customers - of the agencies’ account 
balances with the United States Treasury," the US attorney's office for 
the Southern District of New York said in an official statement.

Zhang was hired as a contractor to work on the code where it's held in 
an access-controlled electronic repository in New York. During last 
summer he allegedly stole the GWA code, which has so far cost the US 
$9.5m to develop.


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Received on Fri Jan 20 2012 - 00:45:51 PST

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