New submitter dasgoober writes: Lifelock has agreed to pay $100 million to settle charges that it failed to properly protect user data, the F.T.C. announced on Thursday. This is the second settlement between the company and federal authorities. In 2010, the F.T.C. charged the company with failing to provide strong security measures for personal data. “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, ” F.T.C .Chairwoman Edith Ramirez said in a statement. “The fact that consumers paid Lifelock for help in protecting their sensitive personal information makes the charges in this case particularly troubling.” Read more of this story at Slashdot.
LifeLock Agrees To Pay $100 Million Fine In Settlement With FTC