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Hacked cheating site Ashley Madison will pay $1.6M to FTC for breach

2 pointsby upenover 8 years ago

1 comment

codemogulover 8 years ago
From the article:<p><i>&quot;In a press conference call, FTC Chairwoman Edith Ramirez said the commission had secured a $17.5 million settlement, but the company will only pay $1.6 million of that amount due to inability to pay.&quot;</i><p>So, the penalty was cut to 10%, thus yielding a 4-cent-per-customer slap on the wrist.<p>Hard to take FTC seriously at their mission to protect and inform the general customer. They have no teeth.