Lithuanian Phishing Scam Steals $100 million from 2 Tech Giants - GoFuckYourself.com

Bladewire · 03-22-2017, 05:56 AM

Incredible that $100 million theft was only detected by the banks and not the two companies! He hid the money in Skovakia, Hong Kong, and a few other places. But why Slovakia?

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Lithuanian con artist scams two US tech giants out of $100 million | ZDNet

A man from Lithuania has been arrested after he conned two large technology firms out of $100 million in an elaborate phishing scheme.

The US Department of Justice (DoJ) said on Tuesday that Evaldas Rimasauskas orchestrated a phishing scheme which targeted US technology giants specifically, and he was able to swindle $100 million by pretending to be a legitimate business partner of at least one of the victims.

The 48-year-old allegedly opened a company with the same name as a legitimate Asian manufacturer in Latvia, alongside multiple bank accounts in both the Eastern European country and Cyprus.

Rimasauskas then allegedly pretended to be the Asian company -- which "regularly conducted multimillion-dollar transactions" with the first unnamed victim and persuaded employees to deposit cash into his bank accounts through emailed messages and email addresses crafted to look like the legitimate Asian PC hardware maker.

The surprising thing may not be that the talented scammer allegedly conned so much out of the two US companies -- while $100 million is a lot to us, for tech giants this is a drop in the ocean -- but that the phishing scheme worked well against companies in the technology sector in the first place.

To make matters worse, the first company is a "multinational technology company," while the second is a "multinational online social media company," and while unnamed, should really have procedures and staff training in place to prevent this happening in the first place.

According to US prosecutors, the stolen money was first wired to the accounts in Latvia and Cyprus before being quickly transferred to other accounts worldwide, including some hosted in Slovakia, Lithuania, Hungary, and Hong Kong.

Klen · 03-22-2017, 06:04 AM

And how is that related to Trump ?

Bladewire · 03-22-2017, 06:54 AM

Quote:

Originally Posted by KlenTelaris

And how is that related to Trump ?

Hahaha

Paz · 03-22-2017, 07:05 AM

That look on his face......"Damn I nearly got away with it!"

03-22-2017, 05:56 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Lithuanian Phishing Scam Steals $100 million from 2 Tech Giants Incredible that $100 million theft was only detected by the banks and not the two companies! He hid the money in Skovakia, Hong Kong, and a few other places. But why Slovakia? ----- Lithuanian con artist scams two US tech giants out of $100 million \| ZDNet A man from Lithuania has been arrested after he conned two large technology firms out of $100 million in an elaborate phishing scheme. The US Department of Justice (DoJ) said on Tuesday that Evaldas Rimasauskas orchestrated a phishing scheme which targeted US technology giants specifically, and he was able to swindle $100 million by pretending to be a legitimate business partner of at least one of the victims. The 48-year-old allegedly opened a company with the same name as a legitimate Asian manufacturer in Latvia, alongside multiple bank accounts in both the Eastern European country and Cyprus. Rimasauskas then allegedly pretended to be the Asian company -- which "regularly conducted multimillion-dollar transactions" with the first unnamed victim and persuaded employees to deposit cash into his bank accounts through emailed messages and email addresses crafted to look like the legitimate Asian PC hardware maker. The surprising thing may not be that the talented scammer allegedly conned so much out of the two US companies -- while $100 million is a lot to us, for tech giants this is a drop in the ocean -- but that the phishing scheme worked well against companies in the technology sector in the first place. To make matters worse, the first company is a "multinational technology company," while the second is a "multinational online social media company," and while unnamed, should really have procedures and staff training in place to prevent this happening in the first place. According to US prosecutors, the stolen money was first wired to the accounts in Latvia and Cyprus before being quickly transferred to other accounts worldwide, including some hosted in Slovakia, Lithuania, Hungary, and Hong Kong.

03-22-2017, 06:04 AM	#2
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	And how is that related to Trump ?

03-22-2017, 07:05 AM	#4
Paz Confirmed User Industry Role: Join Date: Jun 2012 Posts: 457	That look on his face......"Damn I nearly got away with it!"