Compliance » LifeLock Hit With Record FTC Enforcement Action

LifeLock Hit With Record FTC Enforcement Action

December 27, 2015

LifeLock Inc. has agreed to a $100 million payout that will settle contempt charges leveled by the Federal Trade Commission and class action litigation in the Northern District of California. Once finalized, says a post from McGuireWoods, this settlement will be the largest award ever stemming from an FTC enforcement action. The settlement is over allegations that LifeLock violated a 2010 agreement with the FTC in several respects, including by continuing to make false claims about the effectiveness of its services. “This settlement,” says the McGuireWoods post, “demonstrates that the FTC will not tolerate unreasonable data security practices, particularly where an organization pairs those practices with empty promises of robust protection to its customers and the public.”

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