Two major US technology firms 'tricked out of $100m'

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Two main US know-how companies 'tricked out of $100m'

Hands on keyboardPicture copyright Thinkstock
Picture caption Evaldas Rimasauskas posed as Asian-based hardware producer to trick employees into wiring him cash

A Lithuanian man has been charged with tricking two US know-how companies into wiring him $100m (£80.3m) via an e-mail phishing rip-off.

Posing as an Asian-based producer, Evaldas Rimasauskas tricked employees into transferring cash into financial institution accounts underneath his management, US officers stated.

The businesses weren't named however have been described as US-based multinationals, with one working in social media.

Officers referred to as it a wake-up name for even "probably the most refined" companies.

In line with the US Department of Justice, Mr Rimasauskas, 48 - who was arrested in Lithuania final week - deceived the companies from at the very least 2013 up till 2015.

He allegedly registered an organization in Latvia which bore the identical identify as an Asian-based pc hardware producer and opened numerous accounts in its identify at a number of banks.

'Pretend e mail accounts'

The DoJ stated: "Thereafter, fraudulent phishing emails have been despatched to staff and brokers of the sufferer corporations, which often carried out multimillion-dollar transactions with [the Asian] firm."

The emails, which "purported" to be from staff and brokers of the Asian agency, and have been despatched from pretend e-mail accounts, directed cash for official items and providers into Mr Rimasauskas's accounts, the DoJ stated.

The money was then "wired into totally different financial institution accounts" in places around the globe - together with Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong.

He additionally "cast invoices, contracts and letters" to cover his fraud from the banks he used.

Officers stated Mr Rimasauskas siphoned off greater than $100m in complete, though a lot of the stolen cash has been recovered.

Appearing US Lawyer Joon H Kim stated: "This case ought to function a wake-up name to all corporations... that they too may be victims of phishing assaults by cybercriminals.

"And this arrest ought to function a warning to all cybercriminals that we'll work to trace them down, wherever they're, to carry them accountable."

The DoJ wouldn't touch upon potential extradition preparations and stated that no trial date had been set.

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