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China bank programmer exploits ATM bug, withdraws $1 million
short by Kanishka Pandey / on 07 Feb 2019,Thursday
A 43-year-old programmer at a Chinese bank has been jailed for 10.5 years for allegedly exploiting an ATM bug to withdraw over $1-million cash over a year. Qin Qisheng discovered a loophole in 2016 which enabled unrecorded transactions around midnight. The bank revealed it was aware Qin was testing the loophole, however, the money was transferred to his personal account.
short by Kanishka Pandey / 08:48 am on 07 Feb
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