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Ubiquiti Networks Taken For $46.7M By Email Spammers

Tech firm Ubiquiti Networks was scammed out of $46.7 million by email spammers. The company revealed the debacle in an SEC filing, filed on August 4th. The company revealed that it became aware of the attack on June 5th and revealed that it was a victim of "criminal fraud" that involved "employee impersonation" from scammers that targeted the finance department.

Read the whole story at Silicon Angle »

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