Connect with us

Latest News

Google And Facebook Became Victims of $100 Mn Payment Scam

Published

on

GOOGLE AND FACEBOOK BECAME VICTIMS OF $100 MN PAYMENT SCAM,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,Google Latest News,Facebook Latest News,Evaldas Rimasauskas,Facebook and Google Scammed,Lithuanian Man

Major internet giants Google and Facebook became victims of nearly $100 million payment scam. Phishing scammers targeted the employees of these two tech giants eventually making them their prey.

A European based fraud Evaldas Rimasauskas was arrested recently for duping employees of Facebook and Google. In March, a story was out that a Lithuanian man was arrested on being charged for an email phishing scam against two US-based technology companies, by then, the names of the companies weren’t disclosed by them.

Two days back, reports were out that the companies were none other than Google and Facebook. And there are also proofs that the companies transferred almost $100 million to the conman’s account.

This is how the companies got tricked

This 48-year-old Evaldas managed to establish a company and named his company same as that of Asian Computer manufacturer company. He then sent out phishing emails to the employees of Google as well as Facebook. He intelligently targetted only those people who transfer money from their companies to their vendors. Without a second thought, the employees started transferring the money thinking they are actually sending out to their vendors.

Once he received all the money from the two companies, he started to wire the cash to multiple accounts all over the globe. It was actually very simple for Evaldas to mask his fraud as he managed to forged invoices, contracts, and letters signed by executives of these two internet giants.

Evaldas Rimasauskas was charged with one count of identity theft and three counts of money laundering. He is sentenced to prison for 20 years and also an additional 2 years with charges of identity theft.

It is actually hard to imagine that these major technology giants like Google and Facebook had fallen prey to this individual.

Continue Reading
Advertisement
4 Comments

4 Comments

  1. Black salomon shoes

    April 24, 2026 at 7:51 am

    You really know your stuff.

  2. men puma

    April 27, 2026 at 10:22 pm

    This should be featured everywhere.

  3. tv world live

    May 3, 2026 at 12:32 am

    I felt like this was written just for me.

  4. Jameskip

    May 13, 2026 at 9:26 pm

    The hint of this terpene blend – xj-13 terpene is at bottom good and true to life, not too heady but motionless clear in the overcome way. It blends smoothly and adds a much beat flavor profile without compelling all things else. Equanimous a close amount makes a argument, which says a plight about the quality. The packaging was shielded, shipping was connected, and the whole happening felt reliable. Indeed decent product and joined I’d joyfully uncalled-for again.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Healthy Snacking Is Emerging as India’s Next Consumer Growth Story

Published

on

Healthy Snacking - Startup Stories

The healthy snacking category in India is no longer a niche trend it is steadily becoming a mainstream consumer movement. The latest funding momentum around brands like Phab highlights how investors are increasingly backing companies that sit at the intersection of health, convenience, and modern lifestyles. As urban consumers become more conscious of ingredients, nutrition, and long-term wellness, demand is shifting away from traditional packaged snacks toward products that promise both taste and better nutritional value.

What makes this market particularly attractive is its ability to create recurring consumer habits. Unlike many direct-to-consumer categories that rely heavily on one-time purchases, healthy snacks naturally fit into daily routines. This opens opportunities for brands to build stronger customer loyalty while expanding into adjacent categories such as protein-rich foods, functional beverages, and wellness-focused products. The competition is no longer about selling snacks it is about owning a larger share of the consumer’s health journey.

Looking ahead, the biggest winners may not be the brands with the widest product portfolios, but those that can balance nutrition, affordability, and taste at scale. As health-conscious consumption expands beyond metro cities, India’s better-for-you food segment could evolve into one of the country’s most significant consumer categories. The growing flow of capital into this space signals that investors are betting on a long-term behavioral shift rather than a short-lived food trend.

Continue Reading

Latest News

Why Capital Is Flowing Toward Bharat-Focused Fintechs Again

Published

on

Indian

India’s fintech sector is entering a new phase of growth, and the spotlight is increasingly shifting toward underserved consumers in smaller cities and towns. The recent funding secured by WeRize reflects growing investor confidence in platforms that are expanding access to financial products such as credit, insurance, and other services for customers who have traditionally remained outside the reach of formal financial institutions. As digital adoption deepens across the country, fintech companies are finding significant opportunities beyond metro markets.

What makes this trend notable is the industry’s transition from simply enabling digital payments to building broader financial ecosystems. Rather than focusing on a single service, fintech firms are expanding their product portfolios to meet multiple customer needs under one platform. This approach not only strengthens customer relationships but also creates more sustainable business models by increasing engagement and lifetime value.

The larger implication is that India’s next fintech growth story may be driven by financial inclusion rather than convenience alone. Investors are increasingly backing companies that combine technology, data-driven underwriting, and localized distribution to serve emerging consumer segments. As competition intensifies, the ability to build trust, offer relevant products, and address the financial needs of Bharat could become a key differentiator for the next generation of fintech leaders.

Continue Reading

Latest News

OpenAI’s Trusted Contact Feature Signals a New Direction in AI Safety

Published

on

Open AI

OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.

Beyond Moderation

AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:

  • early risk detection
  • human-centered intervention
  • stronger emotional safety frameworks

This positions AI as more than an information tool—it becomes part of broader digital support systems.

Key Industry Impact

Trusted contact models could influence future safety standards across:

  • AI assistants
  • mental health platforms
  • social media
  • digital health services

The Bigger Challenge

While promising, success depends on balancing:

  • privacy
  • consent
  • ethical intervention
  • user trust

Final Take

This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.

Continue Reading
Advertisement

Recent Posts

Advertisement