Providing Our Clients With Expert Advice And Industry Best Practices
Call US TODAY 864-649-6300
Menu
Search

In The News

Home > Acquisitions > Uber’s Former CSO Charged With Paying $100,000 In Bitcoin To Hide Massive Data Breach
Aug28 - 20

Uber’s Former CSO Charged With Paying $100,000 In Bitcoin To Hide Massive Data Breach

The Department of Justice announced in a press release today that Joseph Sullivan, former Chief Security Officer of Uber, allegedly tried to cover up a 2016 hack that compromised data of millions of users and drivers. A criminal complaint charged Joseph Sullivan with obstruction of justice with the attempted cover-up of the 2016 hack of Uber Technologies Incorporated.

The press release discusses how rather than report the 2016 breach, Sullivan allegedly took deliberate steps to prevent knowledge of the breach from reaching the Federal Trade Commission (FTC). Sullivan allegedly sought to pay the hackers off by funneling the payoff through a bug bounty program—a program in which a third party intermediary arranges payment to so-called ‘white hat’ hackers who point out security issues but have not actually compromised data. Read the complete article HERE.

Categories

Archives

Events

Nov. 1-3, 2021
Washington D.C.

INFiN's 2021 MoneyTrends Conference & Expo will be taking place November 1-3 at the Marriott Marquis in Washington, DC. Register for this live and in-person…

Nov 2-3, 2021
Los Angeles, CA

LA Blockchain Summit - November 2-3, 2021 LA Blockchain Summit is the leading conference & expo focused on blockchain investing, building and mainstream adoption. For…

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.

Call Now Button