BUSINESS NEWS - Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a massive data breach became the latest controversy to hurt the ride-service firm’s reputation.
Uber Technologies Inc is also continuing talks with Japan’s SoftBank Group Corp over an investment, Brooks Entwistle, Uber’s recently appointed chief business officer for Asia Pacific, told Reuters on Monday.
Uber disclosed last week that it covered up an October 2016 data breach involving 57 million customers and about 600,000 drivers.
The company said it paid two hackers $100,000 to destroy the stolen data and keep the matter a secret.
The revelation, made by Uber’s new Chief Executive Officer Dara Khosrowshahi in a blog post, prompted governments in countries including Britain, the United States, Mexico, Australia and the Philippines to launch probes into the breach and Uber’s handling of the matter.
