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By the way, reporting to krebsonsecurity is a giant waste of potential income. This is what the SEC whistleblower program is for. You get paid for submissions t

By the way, reporting to krebsonsecurity is a giant waste of potential income. This is what the SEC whistleblower program is for. You get paid for submissions there that lead to successful enforcement actions, and the payouts can be very substantial. Furthermore because payouts exist, there's an industry of competent lawyers that will happily take cases with compensation coming exclusively from your payout. Also, how is this a securities case? The company did not disclose the scale of the breach to shareholders.

LilBytes 6y ago
https://finance.yahoo.com/news/shareholder-alert-ubiquiti-inc-investigated-184800904.html?guccounter=1 https://finance.yahoo.com/news/shareholder-alert-ubiquiti-in... It's already started. 'SHAREHOLDER ALERT: Ubiquiti, Inc. Investigated for Possible Securities Laws Violations by Block & Leviton LLP; Investors Should Contact the Firm'
- H8crilA 6y ago
  The point is that if you deliver useful securities case to the SEC you can get paid. But it must be something the authorities don't already know. And yes, when the truth comes out about something like there will be a securities case.
beervirus 6y ago
> how is this a securities case? Everything is securities fraud.[0] [0] https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...
- vxNsr 6y ago
  OP was asking a rhetorical question.
  - beervirus 6y ago
    Oh I know. And he already answered it anyway.
deleted 6y ago
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