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About 50,000 drivers for Uber Technologies may have had their information exposed after a data breach at the San Francisco startup last year.
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Unlike other insurance policies that are solely intended to cover costs of a worst case scenario, cyber insurance emerged with a bit of an ulterior motive: to give companies an incentive to be more secure. That was the theory, anyway.
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The encrypted blackphone creator has raised enough cash from investors to buy full ownership of its key product.
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The San Francisco-based rental platform may see its valuation jump more than 50 percent since late last year.
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It works similarly to Kickstarter, but is a little more exclusive.
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National Technology News
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Kasra Kangarloo
Staff Writer
703-258-0831
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From Upstart Business Journal
Companies in the News
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