Advertisement

Uber told SoftBank about data breach before telling public

Uber told SoftBank about data breach before telling public
From Reuters - November 23, 2017

(Reuters) - Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.

The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion (7.52 billion) for at least 14 percent of Uber, mostly by buying out existing shareholders.

We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete, Uber said in a statement.

We also made clear that our forensic investigation was ongoing, Uber said. Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to regulators and our customers in a very public way.

Advertisement

Continue reading at Reuters »