District Court of Arizona within five days. The FTC released the terms of the order on its website (see below), stating that the money must be put in an escrow account with the U.S. LifeLock announced in late October that it had agreed to an FTC settlement based on its violations, slashing the company's stock price in half overnight. But in retrospect, CEO Todd Davis' statement about the 'positive step' being taken by the company didn't quite foreshadow that it was about to pay what the FTC calls the 'largest monetary award obtained by the Commission in an order enforcement action.' LifeLock has been ordered to pay the 'largest monetary award obtained by the Commission in an order enforcement action.' tweet this The company, which charges customers a monthly fee for services it claims can protect against the crime of identity theft, failed to keep its customers' sensitive information secret and used deceptive advertising, the government says.
Federal Trade Commission, it was announced today.
LifeLock, the scandal-plagued anti-identify-theft company based in Tempe, has been ordered to pay $100 million for violating terms of a 2010 settlement agreement with the U.S.
