2 major United States technology firms 'tricked out of $100 Million

2 major United States technology firms 'tricked out of $100 Million.A Lithuanian man has been accused of deceiving two US innovation firms into wiring him $100m (£80.3m) through an email phishing trick.

Acting like an Asian-based producer, Evaldas Rimasauskas deceived staff into moving cash into financial balances under his control, US authorities said.

The organizations were not named but rather were portrayed as US-based multinationals, with one working in online networking.

Authorities rang it a wake call for even "the most advanced" firms.

As per the US Department of Justice, Mr Rimasauskas, 48 - who was captured in Lithuania a week ago - bamboozled the organizations from no less than 2013 up until 2015.

He supposedly enlisted an organization in Latvia which bore an indistinguishable name from an Asian-based PC equipment producer and opened different records in its name at a few banks.

'Fake email records'

The DoJ stated: "From there on, deceitful phishing messages were sent to workers and specialists of the casualty organizations, which frequently led multimillion-dollar exchanges with [the Asian] organization."

The messages, which "implied" to be from workers and specialists of the Asian firm, and were sent from fake email accounts, coordinated cash for honest to goodness merchandise and enterprises into Mr Rimasauskas' records, the DoJ said.

The money was then "wired into various ledgers" in areas around the globe - including Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong.

He likewise "produced solicitations, contracts and letters" to conceal his misrepresentation from the banks he utilized.

Authorities said Mr Rimasauskas redirected more than $100m altogether, albeit a significant part of the stolen cash has been recouped.

Acting US Attorney Joon H Kim stated: "This case ought to fill in as a reminder to all organizations... that they also can be casualties of phishing assaults by cybercriminals.

"What's more, this capture ought to fill in as a notice to all cybercriminals that we will work to track them down, wherever they are, to consider them responsible."

The DoJ would not remark on conceivable removal courses of action and said that no trial date had been set.