Uber admitted to covering up a 2016 data breach, during which hackers gained access to nearly 60 million user records and hundreds of thousands of drivers’ license numbers.
The admission is part of a non-prosecution agreement between Uber Technologies, Inc. and federal prosecutors, US Department of Justice authorities announced Friday.
“As part of a non-prosecution agreement to resolve the investigation, Uber admitted to and accepted responsibility for the acts of its officers, directors, employees, and agents in concealing its 2016 data breach from the Federal Trade Commission (“FTC”), which at the time of the 2016 breach had a pending investigation into the company’s data security practices,” the U.S. Attorney’s Office said in a news release.
The company will have to pay $148 million in settlement fees and agreed to implement a new corporate integrity program, data security safeguards and data breach notification plans, among other mandated reforms, authorities said.
Hackers responsible for the 2016 breach used stolen credentials to access a private source code repository and obtain a private access key. The hackers then used that key to access and copy large quantities of data associated with Uber’s users and drivers, including approximately 57 million user records and 600,000 drivers’ license numbers.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI