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About that Ubiquiti breach

Posted on 12/3/21 at 1:17 pm
Posted by TAMU-93
Sachse, TX
Member since Oct 2012
1073 posts
Posted on 12/3/21 at 1:17 pm
Turns out that Ubiquiti breach last January was an inside job.

LINK
quote:

Nickolas Sharp, a former employee of networking device maker Ubiquiti, was arrested and charged today with data theft and attempting to extort his employer while posing as a whistleblower and an anonymous hacker.

"As alleged, Nickolas Sharp exploited his access as a trusted insider to steal gigabytes of confidential data from his employer, then, posing as an anonymous hacker, sent the company a nearly $2 million ransom demand," U.S. Attorney Damian Williams said today.

quote:

After his extortion attempts failed, Sharp shared information with the media while pretending to be a whistleblower and accusing the company of downplaying the incident.

This caused Ubiquiti's stock price to fall by roughly 20%, from $349 on March 30 to $290 on April 1, amounting to losses of over $4 billion in market capitalization.


edit: fixed link
This post was edited on 12/3/21 at 1:29 pm
Posted by gpburdell
ATL
Member since Jun 2015
1551 posts
Posted on 12/3/21 at 1:24 pm to
Yep and the guy that did it was the "whistleblower" that Krebs reported on
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57951 posts
Posted on 12/3/21 at 1:29 pm to
if they could only get products in stock.
Posted by bluebarracuda
Member since Oct 2011
18851 posts
Posted on 12/3/21 at 3:43 pm to
Saving you from buying their overpriced stuff
Posted by Korkstand
Member since Nov 2003
29000 posts
Posted on 12/3/21 at 4:58 pm to
I find that most of their network gear is priced just right.

Their cameras are a bit overpriced compared to Chinese brands, but do you know of an American company that sells cheaper cameras?
Posted by bluebarracuda
Member since Oct 2011
18851 posts
Posted on 12/3/21 at 7:13 pm to
Cameras aren't networking gear

Their switches are grossly overpriced as is their UDMP (not nearly as bad as the switches though).

Their APs are good stuff, they just have such little versatility with non-unifi stuff. I have an AC Pro myself, but I'm likely going Aruba or rukus with my next AP

Edit: Ubiquiti makes great stuff, they're just they're just very apple-esque. Overpriced over centralized ecosystem with heavily dumbed down features
This post was edited on 12/3/21 at 7:17 pm
Posted by hometownhero89
Center of the Earth
Member since Aug 2007
1802 posts
Posted on 12/6/21 at 3:02 pm to
Ubiquiti channel switching is better than Aruba. IMO an insider threat issue is more proof of how secure the products are.

The same thing happened to AWS with their web hosting with the Capital One breach and they are still the best web hosting platform on the planet.

Aruba isn't even on the same planet when it comes to channel switching capabilities, saw this onsite with a client recently and saw how solid the channel switching was, as I was running attacks against it. Aruba rogue device detection never works also. Ubiquiti is worth the price. Everytime.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 12/6/21 at 6:59 pm to
I like how law enforcement covers for the VPN companies.

"We figured out who he was even though he used VPN because he forgot to use the VPN and totally not because they're sharing data with us."
This post was edited on 12/6/21 at 7:00 pm
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 12/6/21 at 7:55 pm to
quote:

he forgot to use the VPN and totally not because they're sharing data with us.



He forgot to ask his VPN provider, “you’re not a cop, are you? Because you have to tell me if you are “
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