- in Tech
A lone hacker stole $100 million from Facebook and Google.
Last month, the US Department of Justice indicted a Lithuanian man for “orchestrating a fraudulent business email compromise scheme that induced two U.S.-based internet companies,” CNET reports.
At the time, the DOJ did not reveal what these companies are, but Fortune discovered they’re none other than Google and Facebook.
It seems the scheme the hacker used is pretty common:
Evaldas Rimasauskas, a 40-something man, came up with the scheme in 2013. He forged email addresses, invoices, and corporate stamps to impersonate a large Asian-based manufacturer that did business with these companies regularly.
Rimasauskas impersonated Quanta Computer, Fortune’s investigation revealed. Over two years, Rimasauskas convinced the accounting departments of both Facebook and Google to make transfers of over $100 million, which were then stashed in banks in Eastern Europe. The man says he didn’t do it.
It's only “remarkable” because of its scale.
You'd think tech companies like Facebook and Google would know better.