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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...

Uber admits it covered up data breach that affected 57 million users

Uber has admitted that it covered up a massive data breach in 2016 that exposed data pertaining to approximately 57 million users and 600,000 drivers’ license numbers.

The ride-hailing platform has entered a non-prosecution agreement with federal prosecutors to resolve a criminal investigation into the coverup of a significant data breach suffered by the company in 2016, according to the US Department of Justice.

As part of a non-prosecution agreement to resolve the investigation, Uber admitted concealing its 2016 data breach from the Federal Trade Commission (FTC), which at the time of the 2016 breach had a pending investigation into the company’s data security practices.

“Uber admits that its personnel failed to report the November 2016 data breach to the FTC despite a pending FTC investigation into data security at the company,” the Justice Department said in a statement.

The hackers responsible for the Uber breach used stolen credentials to access a private source code repository and obtain a private access key.

The hackers then used that key to access and copy large quantities of data associated with Uber’s users and drivers.

The breach was not reported to the FTC until approximately a year later, when new executive leadership was managing the company, revealed the Justice Department.

Uber settled civil litigation with the attorneys general for all 50 States and the District of Columbia related to the 2016 data breach, paying $148 million and agreeing to implement a corporate integrity programme.

Recently, a leaked trove of internal Uber documents revealed that the ride-hailing platform allegedly broke laws and secretly lobbied governments to expand globally.

The post Uber admits it covered up data breach that affected 57 million users appeared first on BGR India.



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