Uber (UBER) Plunges 3.09% Amid Cybersecurity Concerns

On March 31, 2025, Uber Technologies experienced a 3.09% drop in pre-market trading.

Uber Technologies has been facing significant challenges related to network security. The company's services have been targeted by large-scale malicious attacks, with at least two botnets involved in the assault. These attacks have escalated in intensity, with attack commands increasing by over a hundredfold. The use of botnets indicates a professional level of attack, making it increasingly difficult for Uber to defend against these threats.

Additionally, Uber's data security has been a concern, with the company facing potential data breaches and privacy leaks. The increasing sophistication of network attacks, including the use of AI for more targeted and effective assaults, poses a significant risk to Uber's operations and customer data. The company must continue to invest in advanced security measures to protect against these evolving threats.