Attacks/Breaches

3/20/2019
02:35 PM
100%
0%

BEC Scammer Pleads Guilty

Business email compromise (BEC) operation resulted in $100 million in losses to a multinational technology company and a social media firm, according to the US Attorney's Office.

A Lithuanian man extradited to the US in 2017 has pled guilty to a business email compromise (BEC) scam that netted him more than $100 million.

Evaldas Rimasauskas, 50, operated the BEC scam from 2014 to 2015, fooling a multinational technology firm and global social media company to wire funds into accounts he controlled. The US Attorney's Office did not disclose the names of the victim companies.

Rimasauskas, who now faces a maximum sentence of 30 years in prison for wire fraud, created a company in Latvia with the same name as an Asia-based computer hardware manufacturer, according to the USAO. He sent phishing emails to employees and associates of the victim firms, directing them to purchase products and services from the phony company, and money was wired to accounts he controlled. 

"As admitted today, he devised a blatant scheme to fleece US companies out of $100 million, and then siphoned those funds to bank accounts around the globe.  Rimasauskas thought he could hide behind a computer screen halfway across the world while he conducted his fraudulent scheme, but as he has learned, the arms of American justice are long, and he now faces significant time in a US prison," Manhattan U.S. Attorney Geoffrey S. Berman said in a statement. 

Rimasauskas will be sentenced on July 24, 2019.

Read more here

 

 

 

Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry's most knowledgeable IT security experts. Check out the Interop agenda here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
KevinStanley
50%
50%
KevinStanley,
User Rank: Apprentice
3/25/2019 | 12:57:38 PM
Re: The golden rule
So true. I still don't get how so many people get burnt by phishing 
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
3/21/2019 | 9:47:54 AM
The golden rule
If you don't need it, don't read it, delete it.
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/21/2019 | 9:29:51 AM
Phishing
Phishing will continue to be the most effective way to cause harm to an organization. No matter if you implement SPAM filtering, User Awareness testing and the like there are too many exposure points. Only thing we can do is look to minimize that footprint through those mechanisms. But definitely no silver bullet here.
Russia Hacked Clinton's Computers Five Hours After Trump's Call
Robert Lemos, Technology Journalist/Data Researcher,  4/19/2019
Why We Need a 'Cleaner Internet'
Darren Anstee, Chief Technology Officer at Arbor Networks,  4/19/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18643
PUBLISHED: 2019-04-25
GitLab CE & EE 11.2 and later and before 11.5.0-rc12, 11.4.6, and 11.3.10 have Persistent XSS.
CVE-2018-19359
PUBLISHED: 2019-04-25
GitLab Community and Enterprise Edition 8.9 and later and before 11.5.0-rc12, 11.4.6, and 11.3.10 has Incorrect Access Control.
CVE-2019-11488
PUBLISHED: 2019-04-25
Incorrect Access Control in the Account Access / Password Reset Link in SimplyBook.me Enterprise before 2019-04-23 allows Unauthorized Attackers to READ/WRITE Customer or Administrator data via a persistent HTTP GET Request Hash Link Replay, as demonstrated by a login-link from the browser history.
CVE-2019-11489
PUBLISHED: 2019-04-25
Incorrect Access Control in the Administrative Management Interface in SimplyBook.me Enterprise before 2019-04-23 allows Authenticated Low-Priv Users to Elevate Privileges to Full Admin Rights via a crafted HTTP PUT Request, as demonstrated by modified JSON data to a /v2/rest/ URI.
CVE-2019-3720
PUBLISHED: 2019-04-25
Dell EMC Open Manage System Administrator (OMSA) versions prior to 9.3.0 contain a Directory Traversal Vulnerability. A remote authenticated malicious user with admin privileges could potentially exploit this vulnerability to gain unauthorized access to the file system by exploiting insufficient san...