A chunk of Thursday’s award—$68 million—may be used to pay back customers involved in a class action against the company. Any money not used for those customers or in settlements with state attorneys general will go to the FTC for paying back other customers.
“This settlement demonstrates the Commission’s commitment to enforcing the orders it has in place against companies, including orders requiring reasonable security for consumer data,” FTC Chairwoman Edith Ramirez said. “The fact that consumers paid LifeLock for help in protecting their sensitive personal information makes the charges in this case particularly troubling.”
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