It’s tempting to assume that technology workers are intelligent enough to avoid email fraud , but that’s not always the case. Both the FBI and the state of New York have charged a Lithuanian man, Evaldas Rimasauskas, with perpetrating a phishing campaign that siphoned $100 million away from two US tech companies companies. They’re both choosing to remain unnamed, although one is a “multinational online social media company” — you can probably whip up a short list of candidates based on that description. The scheme wasn’t particularly complicated, either, and mostly relied on less-than-attentive employees. Between 2013 and 2015 (possibly earlier), Rimasauskas allegedly ran a fake company in Latvia that had the same name as an “Asian-based computer hardware manufacturer.” He used this bogus firm to fool victims into responding to phishing emails, getting them to wire millions of dollars to his bank accounts in Latvia and Cyprus. The fraudster quickly spread the money to accounts elsewhere in the world (including Lithuania, Hong Kong, Hungary and Slovakia), and even sent forged documents to the banks to convince them that the large sums of money were legitimate. If the charges (which include wire fraud, identity theft and money laundering) hold up, Rimasaukas faces stiff punishment. He’s looking at a minimum of 2 years in prison if he’s found guilty of identity theft, and each of the remaining charges could get him up to 20 years behind bars. However, it’s also safe to say that his targets are learning a hard lesson, too. Even the most tech-savvy companies can fall prey to online fraud, and they may need to step up their security measures (including staff education) to prevent similar incidents. Source: Department of Justice
Original post:
Email scheme stole $100 million from two US tech companies
Bismillah tips news of research from ETH Zurich which brings the possibility of extremely long-term data storage. The scientists encoded data in DNA, a young but established technique that has a major problem: accuracy. “[E]ven a short period of time presents a problem in terms of the margin of error, as mistakes occur in the writing and reading of the DNA. Over the longer term, DNA can change significantly as it reacts chemically with the environment, thus presenting an obstacle to long-term storage.” To get around this issue, they encapsulated the DNA within tiny silica spheres, a process roughly comparable to the fossilization of bones (abstract). The researchers say data can be preserved this way for over a million years. Read more of this story at Slashdot. 
The first cement factory in Hungary has reached its sorry end. The monstrous industrial complex of Lábatlan was established by Balázs Konkoly-Thege on the right bank of river Danube in 1868, and in the very beginning, Roman cement was made here in a wood-fueled 16 chamber furnace. Today, the factory is a lovely ruin—which I visited to document before it’s demolished. Read more… 
