Lifelock failed to lock data?
Jul 21, 2015 22:51:39 GMT -6
Nugget, Mystic Wanderer, and 6 more like this
Post by Deleted on Jul 21, 2015 22:51:39 GMT -6
Does anyone here use Lifelock?
It sounds like a major situation to me. In reading the rest of the article, what they failed to maintain or meet the terms of is pretty serious.
Source
Such measures apparently included basic things like encrypting data and important personal material, or preventing serious abuse of accounts. The FTC Chairman had apparently stated in 2010 that their protection left a hole you could drive a truck though...and the move with a new filing today says it hasn't changed. Hmmmm...
The article mentions at the end, the company stock lost 50% of their value on the new filing news. I guess its a bad day at that company....and for those connected to it?
Customers who hired the infamous ID theft-protection firm Lifelock to monitor their identities after their data was stolen in a breach were in for a surprise. It turns out Lifelock failed to properly secure their data.
According to a complaint filed in court today by the Federal Trade Commission, Lifelock has failed to adhere to a 2010 order and settlement that required the company to establish and maintain a comprehensive security program to protect sensitive personal data users entrust to the company as part of its identity-theft protection service.
According to a complaint filed in court today by the Federal Trade Commission, Lifelock has failed to adhere to a 2010 order and settlement that required the company to establish and maintain a comprehensive security program to protect sensitive personal data users entrust to the company as part of its identity-theft protection service.
It sounds like a major situation to me. In reading the rest of the article, what they failed to maintain or meet the terms of is pretty serious.
the FTC found in 2010 that the company had failed to provide “reasonable and appropriate security to prevent unauthorized access to personal information stored on its corporate network,” either in transit through its network, stored in a database, or transmitted over the internet.
Lifelock had been ordered to remedy that situation, but according to the complaint filed today, it has failed to do so.
Lifelock had been ordered to remedy that situation, but according to the complaint filed today, it has failed to do so.
Such measures apparently included basic things like encrypting data and important personal material, or preventing serious abuse of accounts. The FTC Chairman had apparently stated in 2010 that their protection left a hole you could drive a truck though...and the move with a new filing today says it hasn't changed. Hmmmm...
The article mentions at the end, the company stock lost 50% of their value on the new filing news. I guess its a bad day at that company....and for those connected to it?
