Good news ! Hackbusters community is waiting for you !
KnowBe4 has been running the HackBusters site for a few years now, providing you with trending IT security news. We are expanding it and have launched a new exciting online community! The forum is divided into four main topics or categories: Social Engineering, Ransomware, Phishing and Security Awareness Training. You are invited to be one of the first to join us at:

Facebook, Google tricked of over $120m in phishing scam, man pleads guilty - The Straits Times


NEW YORK (BLOOMBERG) - A Lithuanian man admitted he helped trick Facebook and Alphabet's Google into sending US$121 million (S$163 million) through a phishing scheme.

Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud before US District Judge George Daniels on Wednesday (March 20) under an agreement with prosecutors, and will forfeit US$49.7 million.

Rimasauskas was extradited to New York in August 2017. He faces as many as 30 years in prison when he is sentenced on July 24.

Prosecutors alleged that Rimasauskas, along with some unidentified co-conspirators, helped orchestrate a scheme in which fake e-mails were sent to employees and agents of the two tech giants.

The thieves pretended to represent Taiwanese hardware maker Quanta Computer. They told Facebook and Google workers that the companies owed Quanta money, and then directed payments be sent to bank accounts controlled by the scammers.

"Rimasauskas thought he could hide behind a computer screen halfway...(continued)

View All Trending Stories