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Feds cuff coder accused of US bank source code swipe
From: InfoSec News <alerts () infosecnews org>
Date: Fri, 20 Jan 2012 02:45:51 -0600 (CST)
http://www.theregister.co.uk/2012/01/19/feds_arrest_programmer_for_software_theft/ By Brid-Aine Parnell The Register 19th January 2012A 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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