- A jury from San Francisco held Uber Technologies, Inc ABOVE former security chief guilty of covering up a 2016 data breach at the rideshare giant, hiding details from US regulators and paying two hackers in exchange for their discretion.
- Uber fired Joe Sullivan in 2017 over the incident, Financial Times reports.
- At the time of the breach in 2016, the regulator had been investigating the car booking service for another cybersecurity vulnerability two years earlier.
- The jury also convicted Sullivan on a second count related to knowing but failing to report the 2016 violation relevant government agencies.
- The incident eventually became public in 2017 when Dara Khosrowshahi took over as CEO.
- The report stated that two hackers contacted Sullivan’s team to tell Uber about a vulnerability that exposed the personal information of nearly 60 million drivers and passengers on the platform.
- The parties negotiated a $100,000 payment, which required a non-disclosure agreement and a commitment to delete user data. The two hackers later pleaded guilty to the attack.
- Sullivan, a former prosecutor who specializes in cybercrime, previously worked at Metaplatforms Inc META Facebookand Cloudflare, Inc NETWORK.
- Uber blamed the Lapsus$ group for their September hack, which forced them to shut down temporarily some internal systems.
- The alleged hacker claimed access to Ubers Amazon.com Inc AMZN Amazon Web Services account. The teenage hacker claimed he broke into the company for fun and could leak the source code “in a few months”.
- Price promotion: UBER shares traded 0.03% lower at $29.18 on the last check Thursday premarket.
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