Full Answer
Did Ubiquiti downplay breach to minimize its stock price hit?
Now a source who participated in the response to that breach alleges Ubiquiti massively downplayed a “catastrophic” incident to minimize the hit to its stock price, and that the third-party cloud provider claim was a fabrication.
What happened to Ubiquiti?
On Jan. 11, Ubiquiti Inc. [NYSE:UI] — a major vendor of cloud-enabled Internet of Things (IoT) devices such as routers, network video recorders and security cameras — disclosed that a breach involving a third-party cloud provider had exposed customer account credentials.
Is Ubiquiti’s stock worth $370?
After a brief dip following the news, Ubiquiti’s shares have surged from $243 on Jan. 13 to $370 as of today. By market close Tuesday, UI had slipped to $349. Update, Apr. 1: Ubiquiti’s stock opened down almost 15 percent Wednesday; as of Thursday morning it was trading at $298.
Is Ubiquiti (UI) a great growth stock?
Let's talk about the popular Ubiquiti Inc. ( NYSE:UI ). The company's shares received a lot of attention from a... Ubiquiti (UI) could produce exceptional returns because of its solid growth attributes. If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Ubiquiti (UI).
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How did the ubiquiti breach happen?
[NYSE:UI] disclosed that a breach at a third party cloud provider had exposed customer account credentials. In March, a Ubiquiti employee warned that the company had drastically understated the scope of the incident, and that the third-party cloud provider claim was a fabrication.
What is Canva breach?
Canva's systems were breached on Friday May 24 of 2019 and "up to" 139 million users' details - comprising usernames, email addresses and hashed passwords - were stolen. The company said at the time that it had stopped an in-progress “attack on our systems”.
Are ubiquiti routers secure?
Reliable security with high‐performance routing technology. Ubiquiti introduces the UniFi Security Gateway, which extends the UniFi Enterprise System to encompass routing and security for your network.
Was the ubiquiti data breach avoidable?
Networking equipment and IoT device vendor Ubiquiti Networks released a statement late last night confirming some of the details exposed earlier this week by a whistleblower related to a 2020 data breach, but avoided confirming others.
Who was responsible for the Canva data breach?
GnosticPlayersZDNet was contacted on May 24th, 2020, by a hacker named GnosticPlayers who took credit for the breach and claimed that along with Canva, he or she had made off with more than 1 billion user credentials. The information purportedly stolen was usernames, names, email addresses, city, and country data.
Is Canva a security risk?
Canva is ISO 27001 certified. This certification means that, as an organisation, we have the people, processes and systems in place to effectively identify, assess, treat and monitor our information security risks.
What is Ubiquiti security?
Ubiquiti introduces the UniFi® Security Gateway, which extends the UniFi Enterprise System to encompass routing and security for your network. The UniFi Security Gateway combines reliable security features with high‐performance routing technology in a cost‐effective unit.
How good are ubiquiti routers?
It has an excellent range of managed wireless networking features, outstanding performance, and it's easy to install. Overall, we were completely satisfied with the Ubiquiti Unifi Dream Machine. It was fast, versatile, and secure, so we're giving five stars for its performance.
Does Ubiquiti have firewall?
Dedicated Firewalls are critical to ensuring a safe, high-performing Network for all hosts. The UniFi Security Gateway sits on the WAN boundaries and by default, features basic firewall rules protecting the UniFi Site.
Is UniFi a Chinese company?
(formerly Ubiquiti Networks, Inc.) is an American technology company founded in San Jose, California, in 2003. Now based in New York City, Ubiquiti manufactures and sells wireless data communication and wired products for enterprises and homes under multiple brand names.
How did the tech firm Ubiquiti lose $46 million dollars?
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.
What does Fe mean on Ubiquiti?
Means it's operating at 100mb full duplex. Usually either a 100mb network card is connected or if it's supposed to be Gigabit, then the cable is knackered.
How did the Canva hack happen?
In the case of 61 million users, encrypted password data was also stolen. Fortunately, the algorithm Canva used to encrypt the passwords is pretty strong. While hackers worked to decrypt the passwords, Canva jumped straight to notifying users, prompting them to change their passwords.
Has canvas been hacked?
Canvas has acknowledged being hacked. Stolen data included customer usernames, real names, email addresses, and city and country information and passwords. However, those passwords were scrambled and well protected.
Is Canva a virus?
Cybercriminals are using Canva to create an official-looking document that contains a clickable, malicious link. Creating and storing this document on Canva allows the attackers to get through security measures because Canva is a legitimate website.
Does Canva steal information?
The compromised data from Canva includes names, usernames, email addresses, city, and country information. Canva claims to securely store all user passwords using the highest standards via a Bcrypt algorithm.
What does a whistleblower claim?
A whistleblower claims a previously disclosed security breach was much worse than what the company implied.
Did Ubiquiti send an email?
In January, Ubiquiti sent emails to customers notifying them of a recent security breach, saying certain user information such as names, email addresses, and passwords were potentially accessed. But according to a whistleblower, the company downplayed what was actually a "catastrophic" incident.
When will Ubiquiti end?
(NYSE: UI) ("Ubiquiti" or the "Company") today announced financial results for the fourth quarter and full year fiscal 2021, ended June 30, 2021.
Is Ubiquiti a fast growing stock?
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Ubiquiti (UI).