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Stockreport

Regulators to press Uber after it admits covering up data breach [CNBC]

FACEBOOK (FB)  More Company Research Source: CNBC
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF show chapters Struggling ride-hailing firm Uber faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two employees responsible for its response to the hack, said Dara Khosrowshahi , who replaced co-founder Travis Kalanick as chief executive in August. None of this should have happened, and I will not make excuses for it, Khosrowshahi said in a blog post . Britain's data protection authority said on Wednesday that concealment of the data breach raises huge concerns about Uber's data policies and ethics. Deliberately concealing breaches from regulators and citizens could attract higher fines for companies, James Dipple-Johnstone, deputy commissioner of the U.K. Information Commissioner's Office, said in a statement. Current British law car [Read more]

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