Tech Firm Ubiquiti Suffers $46M Cyberheist
Summary: Ubiquiti Networks disclosed in an SEC filing that cyber thieves stole $46.7 million from a Hong Kong subsidiary through employee impersonation and fraudulent requests from an outside entity targeting its finance department, discovered on June 5, 2015. The company recovered $8.1 million, reported $6.8 million under legal injunction, and said its internal investigation found no evidence its systems were penetrated or that employees were criminally involved.
Why it matters: The FBI warned in January 2015 that thieves stole nearly $215 million from businesses in the prior 14 months through these scams, and Ubiquiti's remaining $31.8 million is still being pursued with U.S. and overseas law enforcement - a reminder that a wire transfer authorized by your own finance staff clears your technical controls entirely.
Read the original at Krebs on Security ↗
- Topics
- Phishing & Social Engineering
- Related
- US disrupts North Korean campaign behind $400 million crypto theft Cyber Risks · Nov 14, 2026North Korea ‘s Crypto Theft Operations: DOJ Seizes $1.2 Billion and Disrupts Hacker Infrastructure Cyber Risks · Nov 13, 2026FBI Says North Korean Hackers Stole Over $400 Million in Crypto Using Deepfake Video Calls Cyber Risks · Nov 13, 2026