Facebook and Google duped into $100m phishing scam
News of two tech firms being tricked by a Lithuanian man into sending him over $100m first came to light last month
It has been reported that two of the world's renowned tech giants fell victim to a sophisticated fraudulent attack.
Facebook and Google have both admitted that they were scammed by a Lithuanian Evaldas Rimasauskas from 2013 to 2015 and both companies paid over $100m.
Rimasauskas duped the two companies by posing as Quanta Computer, a Taiwanese electronics manufacturer. He has now been charged with wire fraud, money laundering and aggravated identity theft.
In a statement, Facebook said: "We recovered the bulk of the funds shortly after the incident and has been cooperating with law enforcement in its investigation."
Google also commented on the scam: "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."
"From half a world away, Evaldas Rimasauskas allegedly targeted multinational internet companies and tricked their agents and employees into wiring over $100 million to overseas bank accounts under his control," Acting US Attorney Joon H Kim said in March when the DoJ announced the arrest of Rimasauskas.
"This case should serve as a wake-up call to all companies - even the most sophisticated - that they too can be victims of phishing attacks by cybercriminals. And this arrest should serve as a warning to all cyber criminals that we will work to track them down, wherever they are, to hold them accountable."