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Pay $100k to cybercrimmies, pay $148m in fines, or invest in your cyber security detection?

By Hendrik Jansen  - October 2, 2018

covering up seems more expensive than mitigating ....

Uber has agreed to pay $148 million in a settlement with the attorney generals of all 50 states following its 2016 data breach cover-up. Hackers stole the information of approximately 57 million U.S. customers and drivers of the ride-hailing app, and, rather than reporting the breach to the authorities -- as is required by law -- Uber paid the hackers $100,000 to keep it quiet. Almost a year after the initial breach, Uber's CEO revealed that the information the hackers had stolen included the names, email addresses and cell phone numbers, as well as some driver's license numbers. The data breach cover-up led to the Uber's former CSO Joe Sullivan being dismissed from the company. Sullivan later said that the payment to the hackers was part of a bug bounty program. The company has since appointed its first chief privacy officer and its first data protection officer.

Picture ©: GettyImages-479801072-matejmo

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