- Qin Qisheng was a programmer with the Huaxia Bank
- He reportedly stole over $1 million by exploiting a bug in the bank’s core system
As per a report by The South China Morning Post, via The Verge, Qin Qisheng, a 43-year-old senior programmer with the Huaxia bank managed to siphon off $1 million from the financial institution over a period of two years by exploiting a bug in the company’s core operating system. While the bank forgave the employee as he cited that he was simply testing the flaws in the system, he was still jailed. As per the report, because of the bug, cash withdrawals done around midnight were not recorded in the bank’s system. While this scenario should typically throw an error saying the transaction has failed, Qin inserted some scripts in the system so that there would be no such an alert. The bug has since been fixed.