Identity theft monitoring firm Lifelock to pay $100m because it couldn’t protect customer data
Dec18
Lifelock, an identity theft monitoring and fraud detection company, has agreed to pay $100 million to settle charges raised by the Federal Trade Commission (FTC), for its failure to secure customers’ personal data. The Tempe, Arizona-based firm was found to have violated a 2010 court order that required it to protect customers’ personal information. Lifelock was also accused of falsely advertising that it secured sensitive data including social security, credit and bank account numbers, using the same high-level measures as banks. LifeLock was fined $12 million in 2010 its misleading ads, which claimed that the company would protect customers from…
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