CyberGate IT

“When the Justice Department recently said that two major tech companies had paid out a total of $100 million to a scammer posing as a hardware manufacturer, it chose to not name the businesses that had been conned. But now, both Google and Facebook are confirming that they were the ones victimized by this phishing scheme.

Some background, first: According to federal officials, the scam dates back to 2013, when a Lithuanian man named Evaldas Rimašauskas allegedly used fake email addresses, invoices, and corporate stamps and pretended to be a large manufacturer that regularly did business with two companies.

He is then accused of emailing employees at the two companies and tricking them into transferring $100 million worth of payments to him.”

Read more details here.

Author: Mary Beth Quirk