HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Former Uber CSO Tried To Cover Up 2016 Hack By Paying $100k In Bitcoin To The Hackers

Bitcoin 2020/08/21 18:21 by Nick James
Former Uber CSO Tried To Cover Up 2016 Hack By Paying $100k In Bitcoin To The Hackers

Uber’s former Chief Security Officer is currently at odds with the law after the authorities found out about what he did while working for the ride-hailing company back in 2016. Apparently, Joseph Sullivan decided to not involve the authorities when Uber was hacked and the criminals demanded $100,000 in Bitcoin.

The then CSO is alleged to have agreed to pay off the hackers through a fake bug bounty program and made sure that no information went out about the hack.

He even went ahead to make the criminals sign an NDA (Non-Disclosure Agreement) to make sure they didn’t reveal anything about the hack to anyone. The hackers had compromised confidential information of 57 million Uber users as well as license numbers of over 600,000 drivers working with Uber.

“Silicon Valley Is Not The Wild West”

John Sullivan now finds himself on the defense as the US DoJ (Department of Justice) dissects into the case. John is being charged with obstruction of justice – for not reporting the hack and colluding with the criminals to keep the secret.

According to the DoJ, the CSO was deliberate in his attempt to prevent the law from taking its course. US Attorney David Anderson, who seems to be involved with the case, was quoted as declaring that the government will not tolerate such hush-money payments. He went on to say that Silicon Valley is not the Wild West.

Not The First Case

This isn’t the first case of hackers demanding bitcoin ransom after compromising important data managed by large corporations.

Just recently, the corporate travel firm CWT negotiated and paid off hackers who had stolen critical company files. The University of California is also a recent victim of hackers who had to be paid $1 million after shutting down the institution’s servers.

However, these two cases had been reported to the authorities, and the negotiations and ransom payments adhered to the policies in place.

0 Like(s)



You should also read...

Crypto 04/12/19 10:16 by Ali Raza
Hackers are Stealing Crypto Using Clipper Malware
Hackers can steal crypto payments by using a relatively new malware that replaces the receiving address between copying and pasting. Don’t CTRL+C CTRL +V According to a report from February of ...
Read More
Crypto 17/07/20 23:00 by Tony Spilotro
Not Just For Selfies: Twitter Crypto Scam And How Social Media Transfers Value
This week, the popular social platform Twitter was hacked to promote a scam where $120,000 in Bitcoin was stolen. Similar crypto scams have run rampant on the platform for some time. The ongoing issue...
Read More
Bitcoin 18/07/20 19:52 by Bernice Nyambura
About 22% Of Bitcoins Obtained By The Twitter Hacker Are Now Being Sent To Mixing Services
According to the latest report by blockchain analysis firm Elliptic, 22% or 2.89 BTC of stolen Bitcoins from Twitter scam have been sent to a Wasabi Wallet for laundering. Elliptic analysis identi...
Read More
Altcoins 19/07/20 21:00 by Samuel Wan
Hackers Demand $7.5 Million in Monero Following Phone Company Hack
Reports have emerged that hackers are demanded $7.5 million in Monero following an attack on Telecom Argentina S.A, a major telecom provider that serves the north of the country. Argentina's majo...
Read More
Crypto 28/09/20 23:00 by Cole Petersen
The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned
KuCoin, a somewhat popular cryptocurrency exchange headquartered in Singapore, experienced a major security breach last week that led to the loss of over $150 million worth of crypto tokens, including...
Read More