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(Reuters) - British and Dutch regulators on Tuesday fined ride-hailing service Uber [UBER.UL] for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users. Names, mobile phone numbers and email addresses were compromised in the breach, which involved 57 million users worldwide. That included 2.7 million user accounts in Britain, representing the vast majority of people using the ride-hailing service in the country. The Information Commissioner’s Office (ICO) in Britain fined the company 385,000 pounds ($490,760) while the Dutch Data Protection Authority (DPA) imposed 600,000 euro ($678,780) fine.
“This was not only a serious failure of data security on Uber’s part, but a complete disregard for the customers and drivers whose personal information was stolen,” ICO Director of Investigations Steve Eckersley gold on gold kinetic watch movement cufflinks said in a statement, “At the time, no steps were taken to inform anyone affected by the breach, or to offer help and support, That left them vulnerable.”, The ICO also said that the records of almost 82,000 drivers based in the UK – which included details of journeys made and how much they were paid – were also taken during the incident in October and November 2016..
The breach occurred before the introduction of the General Data Protection Regulation (GDPR) earlier this year, which would empower the ICO to issue fines up to 17 million pounds or 4 percent of a company’s global turnover. Uber, which has also faced licensing problems in London and a long-running legal battle over workers’ rights for its British drivers, said it had changed data practices since 2016 and this year hired a chief privacy officer and data protection officer. “We’re pleased to close this chapter on the data incident from 2016,” Uber said in a statement.
OKAZAKI, Japan (Reuters) - A top executive at Mitsubishi Motors Corp (7211.T) said on Tuesday that the days of a single automaker being able to develop new technologies on its own were fading, stressing the importance of its alliance with Nissan Motor Co (7201.T) and Renault SA (RENA.PA), Mitsuhiko Yamashita, an executive vice president at gold on gold kinetic watch movement cufflinks Mitsubishi Motors who once served as Nissan’s top engineer, said the three-way partnership will continue to source more auto components together, while leveraging their ties to develop technologies..
(Reuters) - Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The marketing event was picking up steam Monday evening as West Coast shoppers looked for deals after work and those on the East Coast made purchases before bedtime, according to Adobe Analytics, which measures transactions from 80 of the top 100 U.S. retailers. A late evening forecast from Adobe estimated sales would be $100 million more than it had expected earlier in the day.
“Many shoppers have waited on certain purchases, with three hours tonight expected to bring in as much revenue as an average full day,” said Taylor Schreiner, director of Adobe Digital Insights, Target Corp gold on gold kinetic watch movement cufflinks and Amazon.com Inc were pulling out all the stops, offering free delivery with no minimum order requirement and bombarding shoppers with promotional emails, Companies’ sales were up 20 percent from a year earlier as of 7 p.m, ET, including a surge in orders placed via mobile phones, Adobe Analytics found..
On Wall Street, investors showed their enthusiasm. Shares of Amazon closed up 5 percent. Macy’s Inc, Kohls Corp and Target shares rose as well. In another estimate, Mastercard SpendingPulse forecast a 25 percent jump in e-commerce sales to at least $3 billion, based on sales via the Mastercard payments network and estimates for other payment forms such as cash and check. These U.S. forecasts still paled in comparison to Alibaba Group Holding Ltd’s “Singles Day” earlier this month, when the Chinese e-commerce giant raked in $30.7 billion in sales.
Some industry observers saw a down side to the U.S, shopping frenzy, Bob Phibbs, chief executive of New York-based consultancy gold on gold kinetic watch movement cufflinks the Retail Doctor, warned of potential store closures if brick-and-mortar players discounted items too heavily this holiday season, “Online discounts and free shipping are significantly cutting into retailers’ profits,” he said, “Retailers are just spending money in the hopes that they don’t lose too much more.”, The promotional efforts also drew the ire of customers who complained they woke up to even more Cyber Monday emails than in years past..