Uber Exec 2016 Hack Allegedly Concealed With $100K BTC

Uber Exec 2016 Hack Allegedly Concealed With $100K BTC

Disclosure Event
August 25, 2020 by admin
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A previous CSO is denounced of attempting to conceal Uber’s association in a 2016 information breach by paying the hackers $100K in Bitcoin. Joseph Sullivan, a previous Chief Security Officer at Uber, supposedly attempted to cover up a 2016 hack of touchy information by funneling a quiet cash installment of $100,000 in Bitcoin through a bug bounty program.
Uber Exec 2016 Hack Allegedly Concealed With $100K BTC

The hackers had gotten the drivers’ permit numbers of generally 600,000 Uber drivers as well as private data for generally 57 million clients.

Agreeing to an Aug. 20 declaration from the U.S. Department of Justice (DoJ), Sullivan has been charged with the obstacle of equity and misprision of a lawful offense in association with the 2016 hack. The previous CSO is blamed for taking “deliberate steps to conceal, avoid, and mislead” the Federal Trade Commission (FTC) with respect to the information breach and the related $100,000 Bitcoin (BTC) quiet cash installment.

The DoJ blamed him for avoiding information of the breach from being detailed to the FTC by funneling the Bitcoin quiet cash through a bug bounty program. Commonly such programs are utilized for genuine installments to ‘white hat’ programmers who report on a company’s security issues, not those who really get unauthorized information.

“We will not tolerate illegal hush-money payments,” said U.S. Attorney David Anderson. “Silicon Valley is not the Wild West.”

The organization moreover affirms Sullivan attempted to conceal the company’s association within the breach by inquiring the programmers to sign non-disclosure assertions erroneously expressing they had not gotten any individual information from Uber — indeed whereas they were mysterious. When an examination unmasked two of the people dependable for the breach, the DoJ affirms Sullivan still inquired for the hackers to sign NDAs instead of reporting them.

Bradford Williams, a spokesman for Sullivan, said “there is no merit to the charges”

“From the outset, Mr. Sullivan and his team collaborated closely with legal, communications, and other relevant teams at Uber, in accordance with the company’s written policies,” Williams stated. “Those policies made clear that Uber’s legal department — and not Mr. Sullivan or his group — was responsible for deciding whether, and to whom, the matter should be disclosed.”

Two of the hackers included within the Uber breach argued blameworthy to charges of computer extortion scheme in October and are presently anticipating sentencing.

Negotiation with the attackers

Companies are progressively being constrained to bargain specifically with cyber hoodlums — in spite of the fact that most stay inside the law whereas doing so. Agents from U.S.-based corporate travel firm CWT were able to arrange a 50% markdown from hackers requesting a $10 million installment after they stole delicate records from the company in July.

More as of late, the University of California conducted a week-long arrangement with a NetWalker ransomware gather after it closed down seven of the institution’s servers. The college was able to persuade the bunch to come down from $3 million to $1 million utilizing aware and complimenting dialect in their chats.

References
https://cointelegraph.com/news/uber-exec-allegedly-concealed-2016-hack…
https://www.cnbc.com/2020/08/20/former-uber-exec-charged-in-hacking…
https://www.npr.org/2020/08/20/904113981/former-uber-executive-charged…
https://www.cbsnews.com/news/uber-joe-sullivan-former-chief-security-officer..

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