ATM software glitch leads to $14,000 scam

ATM software glitch leads to $14,000 scam
Tags: Bank / Credit Union, North America, Other, Regulatory Issues, Security
December 7, 2006

The (New Orleans) Times-Picayune: A woman with $600 in her credit-union account took advantage of a software glitch that allowed her to steal more than $14,000 only weeks after Hurricane Katrina. Shelita Grandpre, 32, admitted she discovered an ATM software glitch that allowed customers to withdraw unlimited amounts of cash and make unlimited purchases with their debit cards. Many members of ASI Federal Credit Union who evacuated because of Katrina took advantage of the glitch and withdrew more than they had in their accounts. Most, however, repaid the money after the storm.