News
Uber Blames Lapsus$ Hacking Collective For Data Breach
The hack targeted a Slack channel using a password purchased from the dark web, though the company claims no client data was compromised.
Lapsus$ is a collective of hackers famous for ransomware attacks and data theft from huge companies such as Microsoft, Vodafone and Nvidia. Now, the group has successfully targeted ride-sharing giant Uber.
Uber’s systems were breached sometime last week, with employees discovering the hack on Thursday, 15th September. The infiltrator announced their actions on the company’s internal Slack account with a message that read: “I announce I am a hacker and Uber has suffered a data breach.”
Uber claims the hacker is associated with the Lapsus$ group. If that’s true, it means they could also be responsible for a massive data breach of Rockstar Games and its upcoming Grand Theft Auto VI (GTA 6) release, as the attacker announced that they were, in fact, the same person.
As far as Uber is concerned, no customer data was compromised during the hack, with the breach targeting invoice management tools and content from Slack channels.
In a new update about the fiasco, Uber believes the attack happened after the hacker purchased a corporate password on the dark web from a personal device that was infected with malware. Even though 2-factor authentication was activated, the contractor inexplicably allowed a login approval request, which granted entry to the account.
Since the data breach, the company has forced all users to change their login credentials and is adamant that any public-facing financial data or personal information remains secure.
Also Read: DDoS Attacks Are A Growing Threat In Gaming
“First and foremost, we’ve not seen that the attacker accessed the production (i.e. public-facing) systems that power our apps; any user accounts; or the databases we use to store sensitive user information, like credit card numbers, user bank account info, or trip history. We also encrypt credit card information and personal health data, offering a further layer of protection,” says Uber in an official statement.
To add to the embarrassment, Uber admits that the hacker accessed the company’s dashboard portal at HackerOne, where researchers report security bugs and vulnerabilities. In addition to law enforcement, Uber is now working alongside leading digital forensics teams to get to the bottom of the breach.
News
Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE
Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.
The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.
The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.
DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.
The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.
“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.
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FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.
The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.
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