Security Analyst – Jeff Soehner CISSP, GXPN,GPYC,GMOB,GCIH

http://www.sec.gov/Archives/edgar/data/1511737/000157104915006288/t1501817_8k.htm

In this securities and exchange commission filing Ubiquity Networks reports about a breach in which someone impersonated an employee in order to transfer funds with almost 50 million dollars.

After noticing the theft and contacting the necessary parties they were able to recover some of it but over 30 million still remains missing.

More for companies to worry about as the shift from data to cold hard cash begins. It’s time to get your computer networks in good order or you too can suffer the wrath