Ubiquiti – Network Securitas

April 7, 2016

FBI: $2.3 Billion Lost to CEO Email Scams

This post was originally published on this site The U.S. Federal Bureau of Investigation (FBI) this week warned about a “dramatic” increase in so-called “CEO fraud,” e-mail scams in which the attacker spoofs a message from the boss and tricks someone at the organization into wiring funds to the fraudsters. The FBI estimates these scams have cost organizations more than $2.3 billion in losses over the past three years. In an alert posted to its site, the FBI said that since January 2015, the agency has seen a 270 percent increase in identified victims and exposed losses from CEO scams. […]

December 2, 2021

Ubiquiti Developer Charged With Extortion, Causing 2020 “Breach”

This post was originally published on this siteIn January 2021, technology vendor Ubiquiti Inc. [NYSE:UI] disclosed that a breach at a third party cloud provider had exposed customer account credentials. In March, a Ubiquiti employee warned that the company had drastically understated the scope of the incident, and that the third-party cloud provider claim was a fabrication. On Wednesday, a former Ubiquiti developer was arrested and charged with stealing data and trying to extort his employer while pretending to be a whistleblower. Federal prosecutors say Nickolas Sharp, a senior developer at Ubiquiti, actually caused the “breach” that forced Ubiquiti to […]