Ashley Madison parent company pays $1.6M to settle FTC probe

Dec 15, 2016
Business
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Ashley Madison parent company pays $1.6M to settle FTC probe

The Toronto-based parent company of the infidelity dating site Ashley Madison says it has paid more than $1.6 million US in settlements as part of an investigation led by the U.S. Federal Trade Commission.

Ruby Corp., which was previously known as Avid Life Media, says half the money went to the FTC and half to the states participating in the probe.

The company says that as part of the agreement, it will also maintain a comprehensive information security program and “refrain from past business practices that may have allegedly been misleading to consumers.”

But it stresses it neither admits nor denies the allegations made by the FTC and the various state attorneys general.

The investigation was launched last year after a massive security breach that exposed the personal dealings and financial information of millions of purported clients.

Ashley Madison parent company pays $1.6M to settle FTC probe

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