Thursday, April 27, 2017

Facebook and Google Were Victims of $100M Payment Scam

This has to be humiliating.

The criminal case shows how scams involving email phishing and fake suppliers can victimize even the most sophisticated, tech-savvy corporations. But the crime also raises questions about why the companies have so far kept silent and whether—as a former head of the Securities and Exchange Commission observes—it triggers an obligation to tell investors about what happened.