The US Federal Trade Commission (FTC) wrapped up its enforcement year by announcing its largest data-related fine ever—a staggering $100 million settlement with LifeLock. The settlement, details of which can be accessed here, earmarks $68 million for customers who had previously sued LifeLock in a class action lawsuit. This was not LifeLock’s first run in with the FTC. The severity of this penalty is due in part on the fact that the FTC concluded that LifeLock had violated previous agreements with the Commission.
Any business handling personally identifiable information in the United States should be mindful of this development.