DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Chinese bank’s software chief jailed after finding way to withdraw US$1m in ‘free’ cash from ATMs

Posted on February 11, 2019 by Dissent

Stephen Chen reports:

Qin Qisheng, 43, a former manager in Huaxia Bank’s technology development centre in Beijing, spotted a loophole in the bank’s core operating system that meant cash withdrawals made around midnight were not recorded.

The bank accepted his explanation that he had simply been trying to test its internal security and the cash was just resting in his own account before he returned it to his employers.

But the authorities did not accept this explanation and jailed Qin for theft in December, a ruling the appeal court upheld last month.

Read more on South China Morning Post.

via Joe Cadillic


Related:

  • "I'm Not Pro-Russia and I'm Not a Terrorist!" —- InfraGard and Airbus Hacker “USDoD” Unveils His New Campaigns
  • An Interview with AgainstTheWest
  • Chinese businessman pleads guilty to theft of trade secrets
  • I had been chatting with a blackhat. They had been working with a whitehat. We were both dealing with the same person.
  • Queens, N.Y., Men Sentenced To 57 Months In Prison For Large-Scale Atm Skimming Scheme Targeting New Jersey Bank Customers
Category: Financial SectorInsiderNon-U.S.Other

Post navigation

← Japenese Payment Card Fraud Contrasts with Regional Patterns – Gemini Advisory
620 million accounts stolen from 16 hacked websites now for sale on dark web, seller boasts →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • 45,000 malicious IP addresses taken down in international cyber operation
  • The Broken Records: tracing the human cost of the 2022 British MoD leak
  • Telus Digital confirms breach after ShinyHunters claims 1 petabyte data theft
  • China’s CERT warns OpenClaw can inflict nasty wounds
  • Bell Ambulance data breach impacted over 238,000 people
  • Lotte Card fined 9.6 billion won for leaking users’ social registration numbers
  • Handala claims responsibility for attack on medical device maker Stryker
  • Police Scotland fined £66k for extracting and sharing mobile phone data
  • The rise of teen hackers ‘makes for a good headline’, but cyber crime activities peak later in life
  • Viral ‘Quittr’ Porn Addiction App Exposed the Masturbation Habits of Hundreds of Thousands of Users

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • New data shows increase in FBI searches of Americans’ data last year
  • CalPrivacy Fines PlayOn Sports $1.1 Million for CCPA Violations Involving Student Privacy
  • 17 States Sues Trump Administration Over Unlawful Data Demands Targeting Colleges
  • Privacy watchdogs sound alarm over US bid to get travellers’ social media
  • Petition filed over misuse of protesters’ data by Kenyan government and telcos

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: Dissent.73

Contact Me

Email: info[at]databreaches.net
Security Issue: security[at]databreaches.net
Mastodon: Infosec.Exchange/@PogoWasRight
Signal: Dissent.73
DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.