Former Federal Reserve Bank of Chicago Supervisor Admits Data Theft


Brian McCarthy, 31, a former supervisor at the Federal Reserve Bank of Chicago, recently pled guilty to theft of property for stealing 71 computer files containing confidential information relating to the bank's responsibility to assess and monitor its credit risk exposure.

McCarthy was a senior credit analyst at the bank from 2009 to 2010, and became a supervisor in the bank's Statistical Support Group in 2011. The theft occurred on October 5, 2011, McCarthy's last day of employment at the bank.

He attempted to download approximately 300 computer files onto a personal USB drive, and successfully downloaded 71 files after taking steps to circumvent the bank's information security systems.

The plea agreement requires McCarthy to pay $26,400 in restitution to the bank to remburse it for time expended determining what information was downloaded.

McCarthy's sentencing is scheduled on October 10, 2013. He faces up to a year in prison and a $100,000 fine.

A recent survey conducted by Harris Interactive on behalf of Courion found that 19 percent of those aged 18-34 would take company information with them if they knew they were about to be fired.