NEW YORK (CNNMoney) -- A Malaysian man accused of hacking into the Federal Reserve's computer system pleaded guilty Wednesday in New York.
Lin Mun Poo had been accused of hacking into a computer network of the Federal Reserve Bank of Cleveland and installing a malicious code onto the Fed's server.
Appearing in court on Tuesday, Poo pleaded guilty to those charges and admitted to installing the code. He also admitted to possessing more than 400,000 stolen credit and debit card account numbers.
Poo, 32, was arrested in October by Secret Service agents as he attempted to enter the U.S. at Kennedy International Airport in New York.
His laptop was seized, and agents uncovered financial account data and personal identifying information that prosecutors allege he obtained by hacking into the computer networks of various financial institutions.
In addition to gaining access to the Fed's computer network, he also hacked into a Department of Defense contractor's network that contained "highly sensitive military logistics information." 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 15,387.58 | 52.30 | 0.34% |
| Nasdaq | 3,502.12 | 5.69 | 0.16% |
| S&P 500 | 1,669.16 | 2.87 | 0.17% |
| Treasuries | 1.94 | -0.02 | -1.07% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 13.44 | -0.07 | -0.52% |
| Ford Motor Co | 14.95 | -0.10 | -0.66% |
| Microsoft Corp | 34.85 | -0.23 | -0.66% |
| Merck & Co Inc | 47.33 | 2.12 | 4.69% |
| Pfizer Inc | 28.78 | 0.08 | 0.28% |
|
Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music division. More |
The Army is planning to launch a new reality TV program, "Starting Strong" on June 2, aimed at recruiting 18 to 24-year-olds to enlist in the military. More |
Microsoft is making a bid to own the living room with its new entertainment device. More |
Only a tiny fraction of small businesses must comply with new Obamacare rules. And most of them are already providing insurance to employees. More |
The Federal Emergency Management Agency announced a series of aid programs available to tornado victims who live in one of the Oklahoma counties declared a disaster area by President Obama. More |
.
