Uber Data Breach Proves Blockchain Model Needed
Uber released its “Uber Partner App,” a collaboration of ideas between its engineers and drivers that gives users a more personalized feel. The result of the Partner app puts driver insights in the hands of its network — and apparently the general public as well. The app had a data breach of about 1,000 scanned documents of people’s driver’s licenses and personal info. This comes just after Uber and Lyft’s debacle of the 50,000 user data breach. The company needs to learn a lesson in zero-knowledge technology and the power of the blockchain. Giant financial entities and tech corporations....
Related News
The United States Department of Justice has launched a criminal investigation into an Uber data breach that occurred in May 2014. Reuters reported that, during this process, the Department of Justice will attempt to determine whether Uber’s ride-sharing competitor, Lyft, had any involvement in the breach. In February, Uber revealed that they had suffered a massive data breach, in which approximately 50,000 Uber drivers had files containing their names and driver’s license numbers downloaded by an unauthorized person. According to Reuters, “an investigation by Uber determined that an....
Centralized databases on Web2 are a honeypot for hackers. Decentralizing data on Web3 eliminates a major vulnerability for companies like Uber. Uber is a staple of the gig economy, for better or worse, and a disruptor that once sent shockwaves throughout the mobility space. Now, however, Uber is being taken for a ride. The company is handling a reportedly far-reaching cybersecurity breach. According to the ride-hailing giant, the attacker has not been able to access sensitive user data, or at least, there is no evidence to suggest otherwise. Whether or not sensitive user data was exposed,....
Recently I wrote a news piece that reported that Uber had begun accepting Bitcoin payments. Although I gave myself enough room to later back away from the statement, sure to clarify that I hadn't confirmed this with Uber themselves yet, there is still a certain guilt that comes with being wrong about something. The whole community was misinformed by either a liar, someone having fun, or an Uber support agent. Whichever the case, sitting on the story and following up with Uber first would have been the way to go. As it turns out, Uber is not accepting Bitcoin payments any time soon. Which....
Uber reported losses of over $1.2 billion during the first six months of 2016, indicating a changing ridesharing landscape. This massive shortfall, according to Uber’s head of finance Gautam Gupta, is caused by driver subsidies. In an effort to maintain its top position while still offering competitive pricing to customers, the ridesharing giant has reportedly spent at least $1 billion in China alone in subsidies for drivers. Investor speculation concludes that Uber is pursuing a “grow first, ask questions later” model, seeking to secure total market dominance before pivoting to....
Can Blockchain break Facebook, Uber, Airbnb, eBay and the like? The answer we want to give for the currently discussed Blockchain interpretation is ‘so far, no’ – contrary to common opinion. The reason being is that for none of the Blockchain technology specifica is there is a clear path to attract users to the platform. They are just like banks. What is it that triggers the communities fantasy on disrupting data monopolists such as Facebook, Uber, Airbnb and ebay? Foremost, there is an obvious analogy to banks. There are two parties, who want to work together (send money, chat, have a....