Ex-Ubiquiti dev jailed for 6 years after stealing internal corp data, extorting bosses
Nickolas Sharp has been sentenced to six years in prison and ordered to pay almost $1.6 million to his former employer Ubiquiti – after stealing gigabytes of corporate data and then trying to extort almost $2 million from the biz while posing as an anonymous hacker.to intentionally damaging a protected computer, wire fraud, and making false statements to the FBI.
"He abused that trust by stealing a massive amount of sensitive data, attempting to implicate innocent employees in his attack, extorting his employer for ransom, obstructing law enforcement, and spreading false news stories that harmed the company and anyone who invested into the company.Those penalties in the end weren't as serious as Williams would have liked. Prosecutors had urged the judge to put Sharp behind bars for between eight and 10 years.
By January 2021, this suspicious activity had been detected and Sharp was on the team investigating and remediating the snafu. Incredibly, Sharp sent a ransom note to his employer, claiming to be the anonymous thief who had stolen the corporate files, and demanded 50 Bitcoin — about $1.9 million at the time. In exchange for the dosh, he'd return the stolen data and disclose a purported backdoor used to steal the data, which didn't exist of course.
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