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Phoenix666 [soylentnews.org] writes:

A company which sells identity-theft protection services agreed Thursday to pay a fine of $100 million for failing to protect consumer data [phys.org] in the largest settlement on record, officials said.

The US Federal Trade Commission said its settlement with LifeLock came after the company failed to comply with a 2010 federal court order requiring it to secure consumers' personal information and prohibiting deceptive advertising.

It is the largest monetary award obtained by the commission in an order enforcement action, the FTC said.

"This settlement demonstrates the Commission's commitment to enforcing the orders it has in place against companies, including orders requiring reasonable security for consumer data," said FTC Chairwoman Edith Ramirez.

"The fact that consumers paid LifeLock for help in protecting their sensitive personal information makes the charges in this case particularly troubling."

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