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VisitMarket reaction to Ring settlement news one week after announcement
Amazon stock price increases • 33%
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Stock market data, financial news reporting
FTC Distributes $5.6M to Over 117,000 Ring Customers in Privacy Settlement
Apr 26, 2024, 12:00 AM
The Federal Trade Commission (FTC) is distributing over $5.6 million in refunds to more than 117,000 Ring customers as part of a settlement with Amazon-owned Ring. This settlement, valued at over $5 million, addresses allegations that Ring failed to adequately protect consumer privacy by allowing employees and contractors to access customers' private video footage, constituting significant privacy violations. Customers affected by this breach, specifically those with accounts established before February 1, 2018, are eligible for refunds. The refunds are being processed and sent out, with some customers receiving their refunds via PayPal in the coming weeks.
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