Economy

Lab Report: Uber Paid Hackers To Cover Up Massive Breach

A morning roundup of the day’s news.
Brendan McDermid/Reuters

Uber cover-up: In the latest of its cascade of 2017 disasters, the ride-hailing giant disclosed yesterday that hackers had stolen 57 million driver and rider accounts—a breach the company concealed for more than a year after paying a $100,000 ransom. For Uber’s new chief executive Dara Khosrowshahi, who arrived after the incident, this marks another blow in his uphill climb to play “turnaround artist,” Bloomberg reports:

NYC’s dead zones: A plague of empty storefronts afflicts high-rent Manhattan and parts of Brooklyn, and the New York Times has had enough. In an op-ed, the Times’ editorial board calls for tax tweaks to address this imminent threat to “the economic and psychic well-being of neighborhoods.”