The cost of the cover up
Uber has been fined more than $1 million by UK and Dutch regulators over a data breach which the company initially tried to cover up. The UK Information Commissioner's Office said, "the incident was not only a serious failure of data security on Uber’s part, but a complete disregard for the customers and drivers whose personal information was stolen." The ICO said attackers gained access by using "credential stuffing" where stolen usernames and passwords are tested against a service until a match is found. Details of the breach emerged a year after it took place, when it also transpired that Uber had paid the hackers $100,000 to delete the data. Meanwhile, new research says nearly half the UK's IT directors would "definitely" be willing to pay a ransom to hijackers to avoid reporting a data breach and incurring a fine under new European regulations.