Thursday, January 19, 2012

U.S. Fresh News - Chinese citizens Steal Software U.S. $ 10 Million U.S. Owned

This accounting software can track the flow of billions of dollars being transferred to the U.S..

Police Manhattan, New York, catch a programming expert from China who worked for the Federal Bank of New York. He was accused of stealing software code (software) worth U.S. $ 10 million (90 billion) of the Federal Bank.

Bo Zhang, thus the name of the programmer, was also accused of doubling the software into an external hard drive. "The bank tried to tighten already strict protection anymore because of this incident," a spokesman for the Federal Bank of New York, as reported by Reuters on Wednesday, January 18, 2012,

According to authorities, the bank directly interrogate Zhang after all evidence was found leading to it. The software that became the base of the problem is a Program Accounting and Reporting of Government Property (GWA).

This program is designed to track the flow of billions of dollars that the U.S. government transferred each day. It costs U.S. $ 9.5 million to develop software for the Ministry of Finance of the U.S..

Zhang, who has Chinese nationality were arrested on Wednesday morning local time. But he was released again after the court hearing and pay a security deposit of U.S. $ 200 thousand. viva

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