OODA Loop – Ubiquiti Shares Dive After Reportedly Downplaying ‘Catastrophic’ Data Breach
New York City- based IoT device maker Ubiquiti recently disclosed a data breach that was downplayed. After news of the catastrophic data breach, the shares of the company fell significantly this week. In January, Ubiquiti informed customers that unauthorized access to some IT systems hosted by a third-party cloud provider occurred. The company said in…