The Uber logo. Photo: Smith Collection/Gado via Getty Images

Uber will pay $148 million in a nationwide settlement led by California after the company allegedly covered up a data breach involving customer and driver data in 2016, the California Department of Justice announced on Wednesday.

Why it matters: Rather than initially disclosing the breach, Uber paid a hacker $100,000 to destroy the stolen data. California Attorney General Xavier Becerra said the settlement shows Uber that "we will hold them accountable" in protecting user data.

The details: In addition to the payment, Uber will also be required to maintain robust data security practices that comply with state laws covering data collection, maintenance, safeguarding information and reporting security incidents. The company must also report data security incidents on a quarterly basis for two years.

Go deeper

"Not enough": Protesters react to no murder charges in Breonna Taylor case

A grand jury has indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March, on three counts of wanton endangerment for firing shots blindly into neighboring apartments.

The state of play: Angering protesters, the grand jury did not indict any of the three officers involved in the botched drug raid on homicide or manslaughter charges related to the death of Taylor.

Judge orders Eric Trump to testify in New York probe before election

Photo: Ira L. Black/Corbis via Getty Images

A judge on Wednesday ordered Eric Trump to comply with a subpoena to testify before the presidential election in a New York probe into the Trump family business.

The state of play: New York Attorney General Letitia James (D) last month said her office had filed a lawsuit to compel the Trump Organization to comply with subpoenas related to an investigation into whether President Trump and his company improperly inflated the value of its assets on financial statements.

1 hour ago - Podcasts

Reid Hoffman and Mark Pincus on the rise of Silicon Valley SPACs

Silicon Valley venture capitalists are no longer content with investing in startups and then eventually handing them off. Instead, many are now forming SPACs, or blank-check acquisition companies, to ride tech unicorns into the public markets themselves.

Axios Re:Cap digs into this trend with the co-founders of a new tech SPAC called Reinvent Technology Partners: Reid Hoffman, a co-founder of LinkedIn and partner at Greylock, and Mark Pincus, the founder and former CEO of Zynga.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!