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UPDATE 5-Uber paid hackers to cover up massive data breach [Reuters]

FACEBOOK (FB)  More Company Research Source: Reuters
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Uber paid hackers to cover up massive data breach | Reuters 6 Min Read (Reuters) - Uber Technologies Inc [UBER.UL] paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. 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 CEO in August. "None of this should have happened, and I will not make excuses for it," Khosrowshahi said in a blog post. ( ubr.to/2AmxlQt ) The breach occurred in October 2016 but Khosrowshahi said he had only recently learned of it. The hack is another controversy for Uber on top of sexual harassment allegations, a lawsuit alleging trade secrets theft and multiple federal criminal probes that culminated in Kalanick’s ouster in June. The stolen information included names, email addr [Read more]

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