A Chinese programmer has found a way to improve his financial situation. A bug in the bank's operating system, in which he himself worked, allowed him to discreetly withdraw cash through an ATM to his account at the same time. The employee acted carefully, cashing out a small amount each time. In more than a year, he managed to secretly transfer himself 7 million yuan, which in dollars is equivalent to about 1 million.
Programmer Qin Qishen saw an interesting vulnerability in the banking network. At a certain time of the day, the system did not record the debiting of a certain amount from the account. Cash was dispensed through an ATM, but it still remained on the account. To hide the warning that appears in the event of an unsuccessful transaction, Qishen wrote a special program and implemented it into the banking computer system.
The Chinese withdrew small amounts at a certain time, having carried out a total of more than 1,300 operations since 2016. In order not to find himself, instead of a personal card, he used a fictitious bank account opened for various tests of banking operations. As a programmer, Tsishen could freely use the training account at any time, and the script he wrote for some time helped to hide all his machinations. The Chinese kept part of the cashed money in his account, the other part was invested in securities.
The bank found discrepancies in the figures only in 2018 and turned to law enforcement agencies. A special investigation revealed the involvement of a programmer who was able to explain his actions. According to him, he purposefully committed illegal cashing as an experiment, checking the bank's security system.
The employing company definitely did not like the self-will of the employee who, without informing the management, carried out an "experimental" cash withdrawal through an ATM for verification. However, the bank accepted the explanation and stopped blaming its employee, who returned all the money. Perhaps one of the reasons for the loyalty of the financial institution was the desire to avoid reputational risks. However, the police were not satisfied with such arguments. Investigators found it odd that the programmer was investing and buying securities using the money cashed out as part of the experiment.
The Topic of Article: An employee of a Chinese bank embezzled $ 1 million through ATMs, withdrawing money at a strictly defined time.