A former employee of Ubiquiti has been sentenced to six years in jail after he pleaded guilty to posing as an anonymous hacker and a whistleblower in an attempt to extort almost $2 million worth of cryptocurrency while working at the company.
Nickolas Sharp, 37, was arrested in December 2021 for using his insider access as a senior developer to steal confidential data and sending an anonymous email asking the network technology provider to pay 50 bitcoin (about $2 million at the time) in exchange for the siphoned information.
The Oregon-based defendant, besides giving false statements denying any knowledge of the extortion scheme, tampered with log retention policies and other files in order to conceal his unauthorized activity on the company’s network.
Sharp, who was employed at Ubiquiti from August 2018 through late March 2021, pleaded guilty earlier this February to falsely spreading the news that the company had been hacked by an unidentified perpetrator who had acquired administrator access to the firm’s AWS accounts.
Ubiquiti formally disclosed the “incident” in January 2021, describing it as a case of “unauthorized access to certain of our information technology systems hosted by a third-party cloud provider.” It further urged users to change their passwords and enable two-factor authentication.
In addition to the prison term, Sharp has been “sentenced to three years of supervised release and ordered to pay restitution of $1,590,487 and to forfeit personal property used or intended to be used in connection with these offenses.”
Source: https://thehackernews.com/
