Uber told SoftBank about data breach before informing public

Uber Systems Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with information on the incident on Tuesday.

The ride-hailing service is wanting to complete a offer where the Japanese company would invest up to $10 billion (£7.52 billion) for at least 14 percent of Uber, mostly by ordering out existing shareholders.

“We informed SoftBank that people were investigating a info breach, constant with our duty to disclose to a potential investor, despite the fact that our information at that time was preliminary and incomplete,” Uber said found in a statement.

“We also made clear that our forensic investigation was ongoing,” Uber explained. “Once our internal inquiry concluded and we’d a more complete knowledge of the reality, we disclosed to regulators and our clients in a very public way.”

Uber described its early dialogue with SoftBank when asked to comment on a Thursday Wall Street Journal statement on the disclosure, which the newspaper said occurred about three weeks ago.

The Wall Street Journal also said that more than two months elapsed between the time Uber LEADER Dara Khosrowshahi discovered of the breach which week’s disclosure, citing unnamed sources familiar with the matter.

Uber did not say when Khosrowshahi initial learned of the breach, or reveal the precise time of its disclosure to SoftBank.

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