Here’s the tech news for Wednesday:
1. Millennial superannuation fund Spaceship has answered the critics. The startup overnight cut fees, increased its exposure to tech stocks, launched an index fund and formed an advisory board – addressing some of the concerns that its detractors had raised in its first year of existence. Read more on the revamp and $19.5 million capital raising.
2. Every single Yahoo account was hacked… all 3 billion. The tech giant made the admission on Wednesday, saying forensic investigations showed the number affected was far greater than the previously estimated 1 billion, which was already one of the worst security breaches in history. Read more on the findings.
3. Domino’s is in a legal bunfight over its GPS driver tracking technology. The AFR reports the pizza giant will face tech firm Precision Technology next month in the Federal Court after their deal went sour last year. Both sides are suing and counter-suing with claims of patent and confidentiality breaches.
4. Malcolm Turnbull will ask states to hand over drivers’ licence photos. iTnews reports the federal government wants to create a national facial recognition system to be used by the AFP and DFAT for international law enforcement purposes. Access would also be extended to other police, ASIO and defence is the future.
5. An Australian internet of things startup just signed a deal with Harvey Norman. CRN reports the retailer’s business division will now distribute Quantify Technology’s building management connected products, in an arrangement hoped to generate $20 million to $30 million of additional sales within the next three to five years.