Email scam robs two major tech companies of $100 million

A Lithuanian man has been charged after a two-year phishing scheme

An unsealed indictment reports that the FBI and the State of New York have charged a Lithuanian man for tricking two major US-based internet companies into wiring him a combined amount of over $100 million.

Evaldas Rimasauska, 48, allegedly registered and ran a fake company in Latvia under the same name as an Asian-based computer hardware manufacturer from 2013 to 2015. During this time, he was able to get the two companies to respond to phishing emails, getting them to wire large amounts of money to bank accounts in Latvia and Cyprus, it's claimed.

Rimasauska then allegedly wired the stolen funds to bank accounts in various locations, including Slovakia, Hungary and Hong Kong. Forged documents made to look like they had been signed by executives from the two companies were sent to the banks to convince them the large amounts of money were legitimate, according to the FBI.

The companies have chosen to remain unnamed at this time, but have been described as a "multinational technology company" and a "multinational online social media company".

Advertisement
Advertisement - Article continues below

Rimasauska has been charged with one count of wire fraud and three counts of money laundering, each of which carry a maximum 20-year prison sentence. He was also charged with one count of aggravated identity theft, which carries a mandatory two-year prison sentence.

"This case should serve as a wake up call to all companieseven the most sophisticatedthat they too can be victims of phishing attacks by cyber criminals," said acting US attorney general, Joon H. Kim.

Featured Resources

The IT Pro guide to Windows 10 migration

Everything you need to know for a successful transition

Download now

Managing security risk and compliance in a challenging landscape

How key technology partners grow with your organisation

Download now

Software-defined storage for dummies

Control storage costs, eliminate storage bottlenecks and solve storage management challenges

Download now

6 best practices for escaping ransomware

A complete guide to tackling ransomware attacks

Download now
Advertisement

Recommended

Visit/security/354156/google-confirms-android-cameras-can-be-hijacked-to-spy-on-you
Security

Google confirms Android cameras can be hijacked to spy on you

20 Nov 2019

Most Popular

Visit/operating-systems/microsoft-windows/354297/this-exploit-could-give-users-free-windows-7-updates
Microsoft Windows

This exploit could give users free Windows 7 updates beyond 2020

9 Dec 2019
Visit/business/business-strategy/354304/ex-apple-cpu-architect-accuses-the-firm-of-invading-privacy
Business strategy

Ex-Apple CPU architect accuses the firm of invading privacy

10 Dec 2019
Visit/security/vulnerability/354309/patch-issued-for-critical-windows-bug
vulnerability

Patch issued for critical Windows bug

11 Dec 2019
Visit/cloud/microsoft-azure/354230/microsoft-not-amazon-is-going-to-win-the-cloud-wars
Microsoft Azure

Microsoft, not Amazon, is going to win the cloud wars

30 Nov 2019