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Uber Breach Cover Up Leads To Global Probes

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Uber Breach Cover Up Leads To Global Probes,Startp Stories,2017 Business Updates,Government Probes Around Globe,Uber Data Breach,Uber Massive Data Breach,Uber CEO Dara Khosrowshahi,Uber Data Security Breach,Uber Latest News

Uber Technologies Inc., the global taxi hailing startup, is facing fresh troubles as fallout from the massive data breach. The year long cover up led to multiple lawsuits and government probes into the company across the globe.

Australia, Britain, United States and Philippines have already authorized an investigation into the workings of the company and its response to the breach. Some US lawmakers also called for Congressional Hearings into the matter and implored the Federal Trade Commission (FTC) to look into the breach. US Senator Richard Blumenthal also took to Twitter calling the FTC to investigate Uber’s behavior.

Uber states the company has already begun discussions with the FTC regarding the exposed data. An FTC spokesman said, “We are aware of press reports describing a breach in late 2016 at Uber and Uber officials’ actions after that breach. We are closely evaluating the serious issues raised.

After Uber’s CEO Dara Khosrowshahi disclosed the hack on Tuesday, the company also began notifying the 57 million affected drivers and passengers and provided free identity theft monitoring for drivers. However, the actions taken by the company seem to be too little too late.

Majority of the states in the USA have data breach notification statutes that require a company subject to such a data theft to notify their customers and other parties about the hack. In this regard, the attorneys general of New York, Illinois, Massachusetts, Missouri and Connecticut have initiated an investigation regarding Uber’s possible violation of these laws.

The Deputy Commissioner of the UK Information Commissioner’s Office, James Dipple-Johnstone, said “If UK citizens were affected, then we should have been notified so that we could assess and verify the impact on people whose data was exposed.” Failing to notify users and regulators when data breaches occur, according to British law, carries a maximum penalty of £ 500,000. “Deliberately concealing breaches from regulators and citizens could attract higher fines for companies,” Dipple-Johnstone further added.

Currently, Uber is in talks with Japan based venture capital firm SoftBank for a $ 10 billion investment. VCCircle reported SoftBank is planning to stick to its agreement to invest in Uber but may seek better terms. However, Uber and SoftBank have started advertising to find investors willing to sell their stock.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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