Bank Glitch Gives Student $9.9 Million

from the whoops dept

With the increasing acceptance of online banking, banks need to do everything possible to make sure they’re secure. Stories like the following one, don’t help. A student a Princeton discovered that he suddenly had access to $9.9 million in university money thanks to a “bank glitch”. The student had access to the bank account of a student publication, and the bank accidentally consolidated all of the University’s accounts, so that anyone viewing one account could access them all.

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