Avast has to pay a fine and stop selling user data in the US

Software company Avast must pay a $16.5 million fine in the United States and stop selling user data for advertising purposes. In a press release, the US Federal Trade Commission (FTC) announced this on Thursday. According to the FTC, Avast, based in Britain, committed the illegal conduct through its Czech subsidiary Jumpshot.

Avast Faces Consequences in the United States

Software company Avast must pay a $16.5 million fine in the United States and stop selling user data for advertising purposes. In a press release, the US Federal Trade Commission (FTC) announced this on Thursday. According to the FTC, Avast, based in Britain, committed the illegal conduct through its Czech subsidiary Jumpshot.

The company has agreed to pay $16.5 million, according to an Avast spokesman. It also voluntarily shut down Jumpshot earlier and ceased operations in January 2020, he said. “The operational provisions in this settlement are already consistent with Avast’s current privacy and security programs,” a company spokesman told Reuters by email.

In April last year, Global Data Review reported on an investigation of Avast by the Office for Personal Data Protection for indirectly selling data through its subsidiary Jumpshot. The result was a record fine of €13.7 million. However, the proceedings are not yet over.

Avast’s Journey: From Controversy to Merger

Founded in 1988, Avast has become one of the pioneers in computer security with its security programs for both computers and mobile devices. The merger of Avast and US company NortonLifeLock in 2022 created Gen Digital, whose portfolio includes the Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner brands. Gen provides cybersecurity, privacy and identity protection products and services in more than 150 countries.

Source: čtk

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Real Estate ETFs: A Practical Guide to REIT Exposure Through Funds

Real estate has long attracted investors looking for rental...

Musk reportedly invested a billion dollars in the Skydance media group

American billionaire Elon Musk has invested roughly one billion...

Meta increases profit and revenue, to issue new class of shares to finance AI investments

Meta Platforms - the American internet company increased its...

The US dollar is weakening, with doubts surrounding AI behind its decline

The US dollar is weakening today. According to Reuters,...

European stocks fall amid concerns over economic impact of protests in France

European stocks are falling after the opening of trading....

Robotics Stocks: A Framework for Finding Real Automation Exposure

Robotics is becoming an increasingly important investment theme as...
spot_img

spot_imgspot_img