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Networking firm Ubiquiti said an “outside entity” targeted its finance department by sending what appeared to be a company email.
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The fake emails duped employees into turning over their usernames, passwords and account numbers. Then the hacker was able to transfer funds out of a Ubiquiti subsidiary in Hong Kong to other overseas accounts that the hacker held.
The company gave few other details about the hack in a regulatory filing last week.
The story was first reported by security blog KrebsOnSecurity.
