Ubiquiti Shares Dive After Reportedly Downplaying ‘Catastrophic’ Data Breach

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Shares of New York City-based IoT device maker Ubiquiti (NYSE: UI) fell significantly this week following a report claiming that the recently disclosed data breach was “catastrophic” and that its impact was downplayed.

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Read the original article: Ubiquiti Shares Dive After Reportedly Downplaying ‘Catastrophic’ Data Breach