Google and Facebook conned in $100 Million phishing scam

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A Lithuanian man has allegedly duped employees of two of the biggest companies in the world into wiring money to bank accounts that he controlled, Fortune reported last week.

Google admitted that they were the victim of a $100 million scam that was conducted by Evaldas Rimasauskas, aged 48 between 2013 and 2015. He is accused of posing as an Asia-based manufacturer and was arrested in Lithuania last month at the request of US authorities.

Rimasauskas is believed to have forged email addresses, invoices as well as corporate stamps in order to impersonate Quanta and trick them into paying for computer supplies. He denies the allegations but awaits extradition.

The US Department of Justice (DOJ) said last month: “Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multi-million-dollar transactions with [the Asian]company.”

Facebook and Google have said that they have been able to recoup funds but they didn’t reveal the amounts transferred or those recouped.

A Google spokeswoman said: “We detected this fraud against our vendor management team and promptly alerted the authorities.”

“We recouped the funds and we’re pleased this matter is resolved.”

A spokeswoman for Facebook added: “Facebook recovered the bulk of the funds shortly after the incident and has been cooperating with law enforcement in its investigation.”

Phishing scams are even being used to con some of the largest tech companies in the world and security experts say this shows how sophisticated the cyber-attacks have now become.

Only in March, Russian spies and hackers allegedly hacked Yahoo and the attack affected millions of users. Most of those involved have now been charge by the US authorities.

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