Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

4/28/2017
02:05 PM
100%
0%

Google, Facebook Swindled in $100M Payment Scam

Lithuanian man impersonated an Asian-based manufacturer to trick Facebook and Google into paying him $100 million.

A new investigation has uncovered details of a payment scam targeting Facebook and Google, Fortune reports. Lithuanian Evaldas Rimasauskas impersonated an Asian-based manufacturer, which often did business with both companies, to trick them into paying for products.

Rimasauskas used fake email addresses, invoices, and corporate stamps to convince accounting departments at Google and Facebook to transfer money over the span of two years. By the time they caught on, he had tricked the two companies out of $100 million.

At the time Rimasauskas was arrested in March 2017, a press release from the Department of Justice did not specify the victim companies. The manufacturer Rimasauskas impersonated was Quanta Computer, a prominent supplier for US tech companies.

Both Facebook and Google confirmed they were targeted in the attack and have recovered the bulk of funds stolen.

"This case should serve as a wake-up call to all companies – even the most sophisticated – that they too can be victims of phishing attacks by cyber criminals," said acting US Attorney Joon H. Kim in the March release.

Read more about the investigation on Fortune.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
trombose
50%
50%
trombose,
User Rank: Apprentice
5/2/2017 | 2:57:18 PM
.
Thank for this article, I learn a lot on your site.
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
4/30/2017 | 6:13:56 PM
Recovery and Next Steps
Both recovered the bulk of the funds but how much was left unrecovered? What are Lithuania's extradition laws and how will Rimasauskas be processed for this crime?
News
US Formally Attributes SolarWinds Attack to Russian Intelligence Agency
Jai Vijayan, Contributing Writer,  4/15/2021
News
Dependency Problems Increase for Open Source Components
Robert Lemos, Contributing Writer,  4/14/2021
News
FBI Operation Remotely Removes Web Shells From Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/14/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: "Elon, I think our cover's been blown."
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-25668
PUBLISHED: 2021-04-22
A vulnerability has been identified in SCALANCE X200-4P IRT (All versions < 5.5.1), SCALANCE X201-3P IRT (All versions < 5.5.1), SCALANCE X201-3P IRT PRO (All versions < 5.5.1), SCALANCE X202-2 IRT (All versions < 5.5.1), SCALANCE X202-2P IRT (incl. SIPLUS NET variant) (All versions <...
CVE-2021-25669
PUBLISHED: 2021-04-22
A vulnerability has been identified in SCALANCE X200-4P IRT (All versions < 5.5.1), SCALANCE X201-3P IRT (All versions < 5.5.1), SCALANCE X201-3P IRT PRO (All versions < 5.5.1), SCALANCE X202-2 IRT (All versions < 5.5.1), SCALANCE X202-2P IRT (incl. SIPLUS NET variant) (All versions <...
CVE-2021-25670
PUBLISHED: 2021-04-22
A vulnerability has been identified in Tecnomatix RobotExpert (All versions < V16.1). Affected applications lack proper validation of user-supplied data when parsing CELL files. This could result in an out of bounds write past the end of an allocated structure. An attacker could leverage this vul...
CVE-2021-25677
PUBLISHED: 2021-04-22
A vulnerability has been identified in Nucleus 4 (All versions < V4.1.0), Nucleus NET (All versions), Nucleus RTOS (versions including affected DNS modules), Nucleus ReadyStart (All versions < V2017.02.3), Nucleus Source Code (versions including affected DNS modules), SIMOTICS CONNECT 400 (All...
CVE-2021-25678
PUBLISHED: 2021-04-22
A vulnerability has been identified in Solid Edge SE2020 (All versions < SE2020MP13), Solid Edge SE2020 (SE2020MP13), Solid Edge SE2021 (All Versions < SE2021MP4). Affected applications lack proper validation of user-supplied data when parsing PAR files. This could result in an out of bounds w...