Tag Archives: Ubiquiti

Ubiquiti Developer Charged With Extortion, Causing 2020 “Breach”

December 2, 2021

In 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.

FBI: $2.3 Billion Lost to CEO Email Scams

April 7, 2016

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 that these scams have cost organizations more than $2.3 billion in losses over the past three years.

The Lingering Mess from Default Insecurity

November 12, 2015

The Internet of Things is fast turning into the Internet-of-Things-We-Can’t-Afford. Almost daily now we are hearing about virtual shakedowns wherein attackers demand payment in Bitcoin virtual currency from a bank, e-retailer or online service. Those who don’t pay the ransom see their sites knocked offline in coordinated cyberattacks. This story examines one contributor to the problem, and asks whether we should demand better security from ISPs, software and hardware makers.

Crooks Use Hacked Routers to Aid Cyberheists

June 29, 2015

Cybercriminals have long relied on compromised Web sites to host malicious software for use in drive-by download attacks, but at least one crime gang is taking it a step further: New research shows that crooks spreading the Dyre malware for use in cyberheists are leveraging hacked wireless routers to deliver their password-stealing crimeware.