23 January 2012

Feds cuff coder accused of US bank source code swipe


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.......


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