IT Hack Fesses Up to Data Theft

Paul Lilly

Adeniyi Adeyemi, a 27-year-old former IT worker for the Bank of New York, made away with some $1.1 million from charity bank accounts after stealing personal information for 2,000 bank employees, and now must face the legal repercussions for doing so.

According to a press release issued by the York City District Attorney, Adeyemi came clean with what he'd done and pleaded guilty to grand larceny, money laundering, and computer tampering. As the press release tells it, Adeyemi used his position as a computer technician at the bank's headquarters to steal the personal identifying information of 2,000 employees, almost all of which worked in the IT department.

This went on for eight years, during which time he set up dummy bank accounts used to transfer stolen funds from no less than 11 charities worldwide. After using publicly available routing numbers for the charities, he would then transfer the funds to a second tier of dummy accounts to better hide his tracks, the press release said.

Adeyemi is scheduled for sentencing on July 21.

Image Credit: cybernetnews.com

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