Uber Reaches $148 Million Settlement Over Its 2016 Data Breach

[Brian W + 78]

Uber  agreed to pay a $148 million nationwide settlement resolving allegations that the ride-hailing company failed to properly report a massive data breach in 2016. Uber not only waited a year to disclose the breach,  which exposed names, email addresses and phone numbers of 57 million people around the world, but also paid $100,000 to the hackers to keep the incident quiet.

The hackers had stolen personal information of riders and drivers, including names, email addresses and mobile phone numbers. They also made off with driver's license information for approximately 600,000 drivers.

[CMOP + 227]

Wow this is incredible. This was when good ole Travis was still in. Don't get me wrong the majority of these unicorn tech companies have these unfortunate data breaches.  

But to pay the hackers to keep it quiet, with all the sex scandals, with poor leadership, Uber has to make some drastic changes to stay a float. Not to mention their burning through cash month over month. 

Too Big To Fail?