The $46 Million Email: How Ubiquiti Networks Was Conned in 17 Days

Imagine waking up to find out your company just wired $46.7 million to random bank accounts across Russia, China, and Poland, all because of an email.

In 2015, that is exactly what happened to Ubiquiti Networks.

It wasn't a complex code hack or a brute-force attack on their servers. It was a classic Business Email Compromise (BEC). A finance employee received an email that looked like it came from the top executives. The story? A "secret acquisition" that required urgent, silent payments.

They were told to trust an attorney named "Tom Evans" (who didn't exist) and communicated via a suspicious @consultant.com email address.

The Damage: Over just 17 days, 14 wire transfers were approved by the Principal Financial Officer. The fraud was only caught when the FBI alerted the CEO that money was hemorrhaging from their accounts.

Watch the Full Story: I’ve put together a visual timeline of exactly how this scam went down and where the money went.

Click the link (opens in new tab) here to watch my YouTube video on this massive cybersecurity scam - https://youtube.com/shorts/k3DscDwAHJI?si=odt9FN_IrVcJCkGmvideo


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