Facebook and Google were conned out of $100M in phishing scheme

Re:Facebook and Google were conned out of $100M in phishing ... by ballenf on Friday April 28, 2017 @12:08PM (#14220588)

I doubt they thought it would really work so hadn't actually thought through how to launder the money. On the other hand, it was Lithuania so who knows how hard or easy it might be there.

I'm sure there are any number of bankers in various countries who would gladly help you out for a 30-50% cut.

If I was in the con game and knew a loophole to get my hands on $100m, I doubt I'd wait around too long to figure out all the details and risk the loophole being closed.

Also, side note, you have to wonder if the conman had some detailed insider knowledge of existing legitimate PO #s, like from the actual vendor's insecure systems. Hack a vendor, get PO #s and beat them to sending the invoice. Hope you get the money and can disappear faster than the vendor sends his invoice and alarm bells go off.

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Re:Facebook and Google were conned out of $100M in phishing ... by jwilk on Friday April 28, 2017 @12:18PM (#14220699)

What's wrong with Lithuania?

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Re:Facebook and Google were conned out of $100M in phishing ... by ballenf on Friday April 28, 2017 @05:10PM (#14223074)

Sorry, on re-reading I can see how my comment could be read as somewhat dismissive or insulting of Lithuania. I meant it quite the opposite and more literally as in it's not a well-known data point, so there aren't a lot of people who can speak to the subject of whether money laundering is more or less difficult there vs. the US.

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Re:Facebook and Google were conned out of $100M in phishing ... by tormeh on Friday April 28, 2017 @01:14PM (#14221226)

Nothing. It's not a part of the Soviet Union anymore. Granted, it's the poorest of the baltics, but it's still a civilized place.

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