Published: Mon, July 17, 2017
Markets | By Noel Gibbs

Ashley Madison Breach Victims Could Receive Up To $3500 Each

Ashley Madison Breach Victims Could Receive Up To $3500 Each

The website, which allows users to search for others to have an affair with, was hacked in July 2015 and saw the personal details of 33 million accounts posted online.

The parent company of adultery website Ashley Madison has agreed to pay $11.2m (£8.55m) to settle a U.S. class-action lawsuit over the massive July 2015 data breach that saw the personal details, including credit card details, home addresses and email accounts of millions of users from across the globe, published online.

Ashley Madison parent company Ruby Corp, previously Avid Life Media, agreed to a settlement in the class-action lawsuit last week.

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The information was extensive, including names, phones, addresses, and credit card information.

Many users have since sued the company for providing inadequate levels of data security and Ruby Life has been attempting to strike a deal with those involved.

The FTC's complaint alleged that Ashley Madison falsely represented that it took "reasonable steps" to secure users' information, and that it lured people into signing up for memberships by showing them fake female profiles - which the company dubbed "engager profiles".

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In a statement released Friday, Ruby said that a proposed settlement had been reached resolving a number of lawsuits related to the breach.

Ashley Madison used the slogan "Life is short".

The release suggested that Ruby "denies any wrongdoing", but states that the parties have agreed to the proposed settlement in order to avoid uncertainty, expense and inconvenience associated with continued litigation. Account credentials were not verified for accuracy during this timeframe and accounts may have been created using other individuals' information.

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The company says that since July 2015, it has implemented "numerous remedial measures" to boost the security of customers' data.

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