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The Cyber Security Place

Identity Theft

Tech Firm Ubiquiti Suffers $46M Cyberheist — Krebs on Security

Reported by krebsonsecurity.com

Networking firm Ubiquiti Networks Inc. disclosed this week that cyber thieves recently stole $46.7 million using an increasingly common scam in which crooks spoof communications from executives at the victim firm in a bid to initiate unauthorized international wire transfers.

Read the full article at krebsonsecurity.com