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LifeLock to Pay $100 Million in FTC Case

Jaclyn Jaeger | January 4, 2016

LifeLock last month agreed to a $100 million settlement with the Federal Trade Commission to resolve contempt charges that it violated the terms of a 2010 federal court order that requires the company to secure consumers’ personal information and prohibits the company from deceptive advertising. The settlement represents the largest monetary award obtained by an FTC order enforcement action.

“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,” FTC Chairwoman Edith Ramirez said in a statement.

The FTC’s filing in the case alleged that LifeLock violated four components of the...

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