Hacker Accused of Carrying Out Business Email Scam Netting $100M

“The U.S. Department of Justice announced on March 21 that it is charging a lone individual in connection with a business email compromise scam that resulted in the theft of more than $100 million from a pair of U.S. corporations. The DOJ charges come as new research indicates that business email compromises are an increasingly growing problem.

Charged in the case is 48-year-old Evaldas Rimasauskas of Vilnius, Lithuania. Lithuanian authorities arrested Rimasauskas on a provisional arrest warrant. The DOJ alleges that Rimasauskas conducted his criminal activities from 2013 through 2015 using a BEC scam. With a BEC scam, an attacker uses email to trick a company into paying fraudulent invoices and accounts payable requests.”

Read more details here.

Author: Sean Michael Kerner