Wake me up when Uber receives some praise - or does something well, even without recognition. That's an event I do not want to miss
Uber, quit shoveling money into the fire for one second and explain that hack – US senators
Five US senators on Monday asked ersatz taxi biz and lawsuit magnet Uber to provide more details about how it allowed hackers in 2016 to pilfer personal information for 57 million customers and drivers. The data theft, revealed last week and not to be confused with a May 2014 security blunder, led to a $100,000 bung to the …
COMMENTS
-
-
Tuesday 28th November 2017 09:26 GMT Spudley
Last week I asked whether Softbank had been told about this before making their recent big investment. If they hadn't been, then Uber would have some very big questions to answer.
Now I see a sentence in this article that answers the question:
...and why the data loss was disclosed to potential investors but not customers and drivers.
So that's good, in that it implies that Uber did tell Softbank. But it leads to a further problem:
If Softbank knew about the existence of a massive undisclosed hack at Uber, then what on earth made them think that it was a good moment to be investing $10b into them? At the very least, basic due diligence would cause you to wait until it's been disclosed.
-
-
Tuesday 28th November 2017 09:53 GMT FlamingDeath
Re: If Uber told their backers about the hack
The backers have a legal obligation to make as much fucking money as they can in the shortest possible timeframe, while giving the least back to society. It's capitalism 101, look after #1 and fuck the rest.
You do realise these p̶e̶o̶p̶l̶e̶ money hoarding addicts are sociopaths?
-
-
Tuesday 28th November 2017 14:13 GMT Eclectic Man
Investing in Uber
spudley said "If Softbank knew about the existence of a massive undisclosed hack at Uber, then what on earth made them think that it was a good moment to be investing $10b into them? At the very least, basic due diligence would cause you to wait until it's been disclosed."
Maybe the Uber people just told them a bug had been found and they had paid a bug bounty and fixed it. As any viewer of "Yes, Minister" will have realised there are ways of telling people unpalatable things and putting a gloss on disasters that make them seem quite innocuous.