Here are five things you must know for Wednesday, Oct. 4:
"Verizon is committed to the highest standards of accountability and transparency, and we proactively work to ensure the safety and security of our users and networks in an evolving landscape of online threats," said Chandra McMahon, Verizon's chief information security officer. "Our investment in Yahoo is allowing that team to continue to take significant steps to enhance their security, as well as benefit from Verizon's experience and resources."
Yahoo first disclosed the breach, the largest in history, in December. Yahoo said Tuesday its findings indicated that compromised user information didn't include passwords in clear text, payment card data, or bank account information.
Because of the breach, Verizon shaved $350 million off the price tag for Yahoo's online operations.
Verizon spokesman David Samberg told the Associated Press the company has no regrets about buying Yahoo, despite the latest revelation.
A contract award for Equifax's data services to verify taxpayer identity and assist in identification verification and validations was posted on the Federal Business Opportunities database on Saturday, Sept. 30. Politico was first to report on the the contract, which was posted on the final day of fiscal 2017.
Considering the recent Equifax data breach that left at least 145 million Americans' information at risk, the idea of placing identity verification services in Equifax's hands may raise questions.
The contract was described as a "sole source order," or one that only the designated supplier can provide. The order was issued to prevent a lapse in identity checks while officials resolve a dispute over another contract. LexisNexis Risk Solutions and TransUnion are listed as interested vendors.
4. -- The board of Uber Technologies Inc. approved changes that left former CEO Travis Kalanick with less clout at the ride-sharing company, and rejiggered the ride-sharing company's corporate governance enough to make an investment palatable to Japan's SoftBank Group Corp (SFTBY) .
SoftBank is expected to invest between $1 billion and $1.2 billion at Uber's current valuation of about $70 billion.
Uber's 11 directors "approved some of the terms from a proposal put forward last week by Dara Khosrowshahi, Uber's new chief executive, and Goldman Sachs, the investment bank that is an investor in the privately held company," according to The New York Times.
The meeting led to a reduction in the influence of some Uber shareholders, including Kalanick, but the board also dropped a proposal that would have made it more difficult for Kalanick to regain his CEO position at some point in the future.
The directors also approved a resolution for the company to go public by 2019.
This story has been updated from 6:04 a.m. ET.
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