Ashley Madison owner to pay $1.66 million to settle FTC case

By Alastair Sharp and Diane Bartz TORONTO (Reuters) – The owner of hacked infidelity website Ashley Madison will pay a sharply discounted $1.66 million penalty to settle an investigation by the U.S. Federal Trade Commission and several U.S. states into lax data security and deceptive practices, the company and authorities said on Wednesday. The remainder of a $17.5 million settlement was suspended based on privately-held Ruby Corp.’s inability to pay. “I recognize that it was a far lower number frankly than I would have liked,” FTC Chairwoman Edith Ramirez said on a call with reporters.

Original story here.

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