Google and Facebook lose ‘£77million after falling for phishing scam sending cash to Lithuanian conman’

 said last month: "Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multi-million-dollar transactions with [the Asian] company."

Both Facebook and Google have confirmed the fraud and said that they had been able to recoup funds.

But they didn't reveal how much money it had transferred and recouped.

A Google spokeswoman said: "We detected this fraud against our vendor management team and promptly alerted the authorities."

"We recouped the funds and we’re pleased this matter is resolved."

A spokeswoman for Facebook added: "Facebook recovered the bulk of the funds shortly after the incident and has been cooperating with law enforcement in its investigation."

Security experts said the recent cyber attack highlighted how sophisticated phishing scams are being used to fool even two of the biggest tech companies.

Last month, Russian spies and hackers allegedly involved in a Yahoo hack which affected millions of users have been charged by the US government.

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