23 Nov Uber to Face Regulatory Crackdown for Data Breach Coverup
Regulators in various countries are now cracking down on embattled ride-hailing firm Uber after it disclosed that it had paid hackers $100,000 to keep a massive data breach last year under wraps.
In a blogpost, new CEO Dara Khosrowshahi revealed that the incident led to the firing of two employees, and that the company will not be making any excuses for the incident.
However, regulators in New York Australia, and the Philippines had already begun looking into the situation. In the UK, deputy commissioner of the Information Commissioner’s Office James Dipple-Johnstone said that the company is likely to be slapped a high fine for the deliberate concealment of the breach.
The breach, which came to light only recently, occurred in 2016 and is said to have compromised the personal information of 57 million drivers and passengers around the world.