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LifeLock paying $100M to consumers

Posted at 3:51 PM, Dec 17, 2015
and last updated 2015-12-17 17:51:56-05
WASHINGTON (AP) - LifeLock is paying $100 million to consumers to settle charges by federal regulators that it failed to protect customers' personal data under a court order.
The Federal Trade Commission announced the settlement Thursday with the provider of identity-theft protection. The agency says it's the largest settlement it has won in this type of enforcement case.
The 2010 order by a federal court required LifeLock Inc. to secure customers' data, such as credit card and Social Security numbers, and to avoid false advertising claims. The order resulted from an action brought by the FTC and attorneys general in 35 states, alleging that LifeLock used false claims to promote its services. The company paid $12 million in that settlement.
LifeLock is based in Tempe, Arizona.