The government-backed mortgage bank Fannie Mae has already had its share of negative headlines over the past year, but officials there were close to suffering another major setback: a case of computer sabotage that would have resulted in millions of dollars in damage and wiped out customer mortgage data on the lender’s 4,000 computer servers. Rajendrasinh Babubha Makwana, a former IT contractor at Fannie Mae who was fired for making a coding mistake, was charged this week with placing a “logic bomb” within the company’s Urbana, Md., data center in late October of last year.
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Fired Contractor Kisses Off Fannie Mae With Logic Bomb
Posted by: Renay San Miguel January 30, 2009 02:31 PMThe government-backed mortgage bank Fannie Mae has already had its share of negative headlines over the past year, but officials there were close to suffering another major setback: a case of computer sabotage that would have resulted in millions of dollars in damage and wiped out customer mortgage data on the lender’s 4,000 computer servers. Rajendrasinh Babubha Makwana, a former IT contractor at Fannie Mae who was fired for making a coding mistake, was charged this week with placing a “logic bomb” within the company’s Urbana, Md., data center in late October of last year.