🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Colombia orders Uber to improve data security after 2016 breach

Published 07/23/2019, 02:09 PM
Updated 07/23/2019, 02:11 PM
Colombia orders Uber to improve data security after 2016 breach
UBER
-

BOGOTA (Reuters) - Colombia has given ride-hailing app Uber Technologies (NYSE:UBER) Inc four months to improve its data security, the commerce regulator said on Tuesday, after a 2016 data breach affected more than 260,000 of the South American country's residents.

Last year, Uber agreed to pay a fine of $148 million in a settlement reached in the United States for failing to disclose the massive breach.

The settlement followed a 10-month investigation into the breach, which exposed personal data from around 57 million accounts, including 600,000 driver's license numbers.

Uber is popular in Colombia even though the government says its use is illegal. The country has not yet specifically regulated transport services like Uber, but has said it will suspend for 25 years the licenses of drivers caught working for the platform.

Of those whose data was compromised by the breach, some 267,000 are Colombian residents, the Superintendency of Industry and Commerce said in a statement, adding that Uber will have four months to show it is protecting users from fraudulent or unauthorized access to their accounts, among other things.

The company should also develop a protocol for handling future data security breaches, training for its staff on the issue, and put in place a permanent monitoring system to determine whether the new measures are adequate, the regulator said.

The required improvements must be certified by an independent third party chosen by Uber, the statement said, and will continue to be monitored for five years.

Uber's Colombia office said in a statement it has already shown local authorities that it has "implemented various technological improvements to the security of our systems" in 2016 and after.

"We have also implemented significant changes in our corporate structure, to ensure the respective transparency in front of regulators and users in the future," it added.

The company said in May it will spend $40 million over five years to open its third Latin American support center in Bogota in September.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.