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Why Do Executives Hide Data Breaches?

Whenever a major company suffers a breach, an uncomfortable amount of time – weeks, sometimes months, or even a year – seems to pass until the victims are informed that their personal data might be in the hands of a group of mischief makers. To provide some context, Uber, a company that offers an alternative to taxis around the world, has known about a breach since October 2016 that it didn’t reveal until Bloomberg reported it in November 2017! Even worse, they even paid a ransom to the hackers who attacked it, hoping that it wouldn’t make the front page of the news (a plan that.
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