Uber, FTC Acquiesce with Amended Settlement in Connection with Data-Hack

The Federal Trade Commission (FTC) of USA stated April 12, that Uber Technologies the ride-hailing business enterprise had acquiesced with abiding with more terms within a settlement between it and the agency in connection with charges the enterprise betrayed its clients regarding data security as well as privacy practices it upheld.

Moreover, the rider company is likely to currently comply with civil penalties in case it intentionally or otherwise doesn't inform FTC about any hacks occurring in future, thus states the settlement, which further delineates penalties Uber had agreed for meeting in connection with one data hack of 2014. Nextgov.com posted this, April 12, 2018.

At first, the car riding company attempted at hiding the 2016 hack via making payment to the hackers under one of its schemes of bug bounties.

Specifically as per FTC, Uber shirked from revealing the hack to impacted clients till as far as November 21, 2017, over 12 months following the company's knowledge of the incident. Additionally, the hack of 2016 happened when Uber was holding ongoing dialogues with FTC regarding the company's probe into the hack that occurred in May 2014 that as well pertained to Uber's practices for safeguarding client information saved on one intermediate cloud protocol. Even as Uber held back that investigation's reports the company failed to notify FTC of the subsequent hack of 2016 till about November 2017.

In connection with Uber's 2014 data-hack, the company signed one settlement with FTC. The effect of that hack occurred on some 50,000 drivers, 3-yrs later. The settlement took place following Uber's knowledge about the 2016 hack, however, prior to its public acknowledgement. Uber is as well required for retaining records that its reports from bug bounties get prepared in connection with real else potential data-hacks, within the amended settlement.

Tony West, Chief Legal Office of Uber stated over e-mail that he was glad that merely some months following announcement of the incident, the company had arrived one fast decision with FTC which put on the driving company the responsibility of the gaffes that happened earlier through the imposition of fresh terms which fairly enough matched with the facts.

» SPAMfighter News - 4/18/2018