The Ubuntu One Client for Ubuntu 10.04 LTS, 11.04, 11.10, and 12.04 LTS does not properly validate SSL certificates, which allows remote attackers to spoof a server and modify or read sensitive information via a man-in-the-middle (MITM) attack.
https://exchange.xforce.ibmcloud.com/vulnerabilities/76113
http://www.securityfocus.com/bid/53828
http://ubuntu.com/usn/usn-1465-3
http://ubuntu.com/usn/usn-1465-2