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Uber Covered Up Massive Data Breach

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Uber Covered Up Massive Data Breach, Startup Stories, Latest Business News Updates, UBER COVERED DATA BREACH 2017, Uber Paid Hackers, Uber Data Breach Lawsuit, Latest News on Uber Data, Breaking News on Uber Data, Hackers Stole Data From Uber, Uber Protect Massive Data Breach, Uber Give Money To Hackers

Uber the global cab aggregator, covered up a major data breach which occurred in October 2016 by paying the hackers $ 100,000. The breach exposed the data of some 57 million accounts of the ride service provider. The personal information of about 7 million drivers along with the license information of 600,000 US drivers was also stolen. However, the company claims the information was never used by the hackers.

Uber’s new CEO, Dara Khosrowshahi said the employees responsible for handling the data breach were fired for covering up the incident after the matter was brought to his attention. “None of this should have happened and I will not make excuses for it,” he said in a blog post on the company website. “While I can’t erase the past, I can commit on behalf of every Uber employee that we will learn from our mistakes,” he added.

Last year, Uber faced multiple scandals including sexual harassment allegations, a lawsuit alleging trade secrets theft and multiple federal criminal probes. At the time of the hack, Uber was negotiating with US regulators investigating separate claims of privacy violations. The company, according to Bloomberg, had a legal obligation to report the hack to regulators and to drivers whose license numbers were taken.

Two hackers gained access to GitHub and all the proprietary information used by Uber including names, email addresses and mobile phone numbers of Uber users around the world. New York Attorney General Eric Schneiderman launched an investigation into the hack on Tuesday. A customer also sued the company for negligence over the breach on behalf of the users affected, seeking a class action status.

Uber’s Chief Security Officer Joe Sullivan and a deputy Craig Clark were the two employees fired for their role in hiding the security incident. VCCircle reported, Kalanick was informed about the breach a month later. A board committee tasked with investigating the breach concluded neither Kalanick nor Uber’s general counsel of the time, Salle Yoo, were involved in the decision to not disclose the stolen data.

In an attempt to restructure the security teams and processes, Matt Olsen, former General Counsel of the US National Security Agency, was hired by the company. At the same time, cybersecurity firm owned by FireEye Inc., (FEYE.O,) Mandiant, will be investigating the security breach.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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