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Ashley Madison will pay $11.2 million to data breach victims
Ashley Madison is still picking up the pieces two years after the massive data breach that exposed millions of users' information. The parent company of the cheat-on-your-spouse website continues to deny any wrongdoing, but it has agreed to settle the preliminary class-action lawsuit filed on behalf of 37 million users whose personal details were dumped onto the dark web. Ruby Corp is ready to pay $11.2 million for the settlement, though the amount still has to be approved by a federal judge in St. Louis.
Ashley Madison settles charges over its massive data breach
Ashley Madison is paying the price for the hack that exposed the info of 36 million customers, and we don't just mean through executive departures. The owners of the cheat-on-your-spouse site, Ruby Corp, have settled charges from both the US Federal Trade Commission and 13 states alleging that it both misled users and didn't do enough to protect their info. The actual fine is small -- Ashley Madison was intended to pay a total of $17.5 million, but can only afford to pay just over $1.6 million. However, the reforms may go a long way toward solving some of the underlying problems that led to both the breach and shady business practices.
