LifeLock Agrees To Pay $100 Million Fine In Settlement With FTC (nytimes.com)

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."

Comments

Guess they learned their lesson

[EzInKy]

"The settlement does not require us to change any of our current products or practices.

Or maybe not.

We're left with "particularly troubling"

[geekmux]

"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."

Repeated slap on the wrist punishments and no jail time is what is particularly troubling here and continues to be.

And I don't know why we accept this bullshit at our own expense when this is the repeated outcome. What is it going to take to get corporations to act properly and ethically these days?

Guess that will never happen. Instead, we watch our corrupt government to turn a blind eye to anti-monopoly laws and allowed corporations to invent Too Big to Fail instead, which is the legal cousin of "affluenza", in case you were left wondering just how fucked that corporate concept really is.