Economy

20-year-old Florida man was behind Uber hack

20-year-old Florida man was behind Uber hack

Uber, the ride-hailing smartphone app, paid a Florida hacker $100,000 to destroy data in the company's 2016 hack that resulted in the breach of 57 million users, Reuters reported.

You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy. Uber did mention that Social Security numbers and credit card information wasn't stolen.

The hackers in question were paid $100,000 to delete the information and keep quiet under the guise of the legitimate bug bounty program offered by Uber on the HackerOne bug bounty platform.

According to Marten Mickos, the CEO for HackerOne, in all cases when a bug bounty award is processed through HackerOne, the company receives identifying information of the recipient in the form of an IRS W-9 or W-8BEN form before payment of the award can be made. Reuters said Uber made the man sign a nondisclosure agreement, and verified that the data had been erased.

The second person was paid by the Florida-based hacker to, among other services, access Github, a site used by programmers to store code, in order to gain credentials to access Uber data, it added.

Snow and ice warning for Donegal today
Donegal is among the counties in the north west that will be worst affected, with up to 3 centimetres of snow expected in places. A status yellow wind warning for Donegal, Galway, Leitrim, Mayo, Sligo, Clare and Kerry will remain in place until 8pm tonight.

The hacker was described as a 20-year-old man in the report. Uber declined to comment on the matter to the news outlet.

Even if a company manages to contain and handle a data breach, it has a duty to report it to regulators, which Uber appears to have failed to do, aiming for a cover-up rather than mea culpa.

The payment was made through a bug hunter scheme called HackerOne, created to reward security researchers who identify weaknesses and issues in a company's software. HackerOne's CEO said that he couldn't discuss an individual customer's programs.

"None of this should have happened, and I will not make excuses for it".

However, Khosrowshahi emphasised that the incident did not breach Uber's corporate systems or infrastructure.


  • Rational Advisors LLC Purchases Shares of 12360 Autodesk, Inc. (ADSK)

    The fund owned 12,726 shares of the software company's stock after buying an additional 846 shares during the period. Royal Bank Of Canada restated a "buy" rating on shares of Autodesk in a research note on Wednesday, November 15th.
    Nepal Elections 2017 Results: Vote Count Begins in Jajarkot, Mustang

    Nepal Elections 2017 Results: Vote Count Begins in Jajarkot, Mustang

    Police spokesman Manoj Nupane said voting on Thursday was mostly peaceful and security was stepped up in the region. European Union observer Zeljana Zovko said they have not noted any major issues in the places they have visited.
    SC collegium recommends 19 names for judges of Karnataka, Calcutta, Madras HC

    SC collegium recommends 19 names for judges of Karnataka, Calcutta, Madras HC

    The governor had mentioned that some of the people recommended did not meet the requirement of efficiency in their performance. The Collegium said it would wait to get the inputs verified before taking a final decision in the case.
  • 49 nations have violated UN sanctions on North Korea

    49 nations have violated UN sanctions on North Korea

    Ambassador Nikki Haley urged all countries to comply with United Nations sanctions and limit cooperation with the regime. This includes its main trading partner China, as well as Germany, Brazil, India, and France.

    CRH not making bid for South Africa's PPC

    PPC last month reported a 36 percent rise in half-year earnings, helped by a robust performance in Zimbabwe and Rwanda. Swiss-based multinational LafargeHolcim is also still talking to PPC about a potential bid.
    Electoral Commission launches investigation into Momentum election spending

    Electoral Commission launches investigation into Momentum election spending

    Mr Lansman himself is expected to grab one of three new seats on the NEC open to constituency members, in upcoming elections. It said questions over compliance risked harming voter confidence.
  • Making stocks you should surely buy: Marsh & McLennan Companies, Inc. (MMC)

    Out of 5 Wall Street analysts rating Voya Financial, 3 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". (NYSE: MMC ). The firm earned "Buy" rating on Thursday, July 13 by Citigroup. (NYSE:VOYA) on Wednesday, November 9 to "Outperform" rating.
    PPP stands with Model Town affectees: Khursheed Shah

    PPP stands with Model Town affectees: Khursheed Shah

    The committee contacted several leaders to launch a campaign against the government and corrupt system, the IB report states. On this, when the police contingent advanced, the sympathisers of the PAT started pelting them with stones and bricks.
    Cold blast has arrived and snow chances slowly creeping up!

    Cold blast has arrived and snow chances slowly creeping up!

    Temperatures will start in the low 20s in the Lubbock area on Thursday but some locations to the north will drop into the teens. The first piece brings snows with minor accumulation potential to SW and south central IN for next Wednesday morning and midday.
  • Hammerson's (LON:HMSO) "Underperform" Rating Reiterated at Jefferies Group

    The Oaktree Capital Management Lp holds 1.34 million shares with $11.70M value, up from 1.25 million last quarter. The stock of GasLog Ltd. (NYSE:GLOG) earned "Neutral" rating by Citigroup on Monday, February 22.
    House prices slow for first time since July, says Halifax

    House prices slow for first time since July, says Halifax

    And Zoopla has revealed homeowners were selling their homes at nearly 4 per cent less than the asking price in September. HMRC data showed property transactions totalled 105,260 in October - the highest level since March 2016 .
    Chennai: Director Gautham Vasudev Menon escapes road accident

    Chennai: Director Gautham Vasudev Menon escapes road accident

    It is reported that Gautham Menon lost control over the wheel while taking a turn and hit the lorry head-on. Reportedly, The incident occurred at 3.30 am on Thursday, near Chennai's Sholinganallur signal.