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Home » Tech Firms Paid $100M to Fake Suppliers

Tech Firms Paid $100M to Fake Suppliers

April 6, 2017
Supply Management

Evaldas Rimasauskas, 48, of Vilnius, is facing charges of wire fraud and money laundering in the US after the FBI claimed he had organised a fraudulent email scheme.

Rimasauskas is alleged to have persuaded two US-based internet companies to wire a total of over $100m to bank accounts he had set up bearing the same name as suppliers to those companies.

Acting US attorney Joon Kim said: “From half a world away, Evaldas Rimasauskas allegedly targeted multinational internet companies and tricked their agents and employees into wiring over $100m to overseas bank accounts under his control.

“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.”

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KEYWORDS High-Tech/Electronics North America Retail SC Security & Risk Mgmt
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