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The Uber logo. Photo: Smith Collection/Gado via Getty Images

Uber will pay $148 million in a nationwide settlement led by California after the company allegedly covered up a data breach involving customer and driver data in 2016, the California Department of Justice announced on Wednesday.

Why it matters: Rather than initially disclosing the breach, Uber paid a hacker $100,000 to destroy the stolen data. California Attorney General Xavier Becerra said the settlement shows Uber that "we will hold them accountable" in protecting user data.

The details: In addition to the payment, Uber will also be required to maintain robust data security practices that comply with state laws covering data collection, maintenance, safeguarding information and reporting security incidents. The company must also report data security incidents on a quarterly basis for two years.

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

The quick FCC fix that would get more students online

Illustration: Sarah Grillo/Axios

As the pandemic forces students out of school, broadband deployment programs aren't going to move fast enough to help families in immediate need of better internet access. But Democrats at the Federal Communications Commission say the incoming Biden administration could put a dent in that digital divide with one fast policy change.

State of play: An existing FCC program known as E-rate provides up to $4 billion for broadband at schools, but Republican FCC chairman Ajit Pai has resisted modifying the program during the pandemic to provide help connecting students at home.

Dion Rabouin, author of Markets
55 mins ago - Politics & Policy

America's hidden depression

Biden introduces his pick for Treasury secretary, Janet Yellen, on Dec. 1. Photo: Alex Wong/Getty Images

President-elect Biden faces a fragile recovery that could easily fall apart, as the economy remains in worse shape than most people think.

Why it matters: There is a recovery happening. But it's helping some people immensely and others not at all. And it's that second part that poses a massive risk to the Biden-Harris administration's chance of success.