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Uber to Pay $148m Penalty Over Data Breach

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  • Uber to Pay $148m Penalty Over Data Breach

Ride-hailing service Uber agreed to pay record $148 million penalty over a massive 2016 data breach, which the company concealed for a year, New York’s attorney general announced on Wednesday.

“This record settlement should send a clear message: we have zero tolerance for those who skirt the law and leave consumer and employee information vulnerable to exploitation,” New York Attorney General Barbara Underwood said in a statement.

Uber learned of the breach in November 2016 involving personal information of 57 million riders and drivers, nearly half in the United States, the statement said.

(AFP)

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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