Programmer finds ridiculous ATM loophole that let him withdraw $1 million in cash - HY FY TECH

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Programmer finds ridiculous ATM loophole that let him withdraw $1 million in cash

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It sounds like something straight out of a movie: an unsatisfied bank programmer discovers the perfect scheme for making an ATM spit out free money.

But apparently, this story is true: The South China Morning Post and China’s Daily Economic News report that 43-year-old Qin Qisheng managed to withdraw over 7 million yuan (upwards of $1 million USD) from ATMs operated by his employer, Huaxia Bank — all by exploiting a crazy loophole.

According to the reports, the bank’s system didn’t properly record withdrawals made around midnight — effectively spitting out cash without removing the total from a user’s account. Normally, that might send up a red flag that a transaction had failed, but Qisheng allegedly inserted scripts into the system...

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from The Verge - All Posts http://bit.ly/2SdiRM9

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