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LifeLock Agrees to $100 Million Penalty

Accepted submission by Anonymous Coward at 2015-12-21 02:45:18
Business

An Anonymous Coward writes:

In 2010, LifeLock [wikipedia.org] was charged with deceptive advertising [ftc.gov] by the FTC and 35 states. The company agreed to a court order requiring it to pay $12 million, refrain from false advertising, "establish a comprehensive data security program," and inform its customers of any data breaches.

However, the FTC said that the company had not fulfilled those requirements, and charged it with contempt of court. [ftc.gov] On Thursday, the company agreed to pay a penalty of $100 million, of which $68 million is to be paid to the plaintiffs in a class action lawsuit and $32 million is for consumers who filed complaints with their state attorneys-general, with the FTC receiving any unclaimed money [azcentral.com].

In connection with the agreement, the company stated [lifelock.com] that:

The allegations raised by the FTC are related to advertisements that we no longer run and policies that are no longer in place. The settlement does not require us to change any of our current products or practices. Furthermore, there is no evidence that LifeLock has ever had any of its customers' data stolen, and the FTC did not allege otherwise.

additional coverage:

previously:

Tracking Someone Using LifeLock [soylentnews.org]

Original Submission