Ashley Madison owner to pay up to $11.2M to settle U.S. class action lawsuits

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Hackers scarf information from 37 million of the website’s users in 2015

CBC News Announced: Jul 17, 2017 2:30 PM ET Last Updated: Jul 17, 2017 2:30 PM ET

The owner of adultery website AshleyMadison.com has reconciled to pay $11.2 million US (more than $14.2 million Canadian) to make sure class action lawsuits in the U.S. launched on behalf of people whose special information was exposed in a high-profile cybersecurity breach in 2015.

Toronto-based Ruby Corp. averred on Friday that it has reached a proposed settlement to end various class effect suits that were launched against it in 2015, after disparaging information from 37 million of the site’s users was stolen and released by hackers.

The breach last analysis brought about the sale of the company, and while the new owners insist the companionship’s future looks bright, the scandal was a major hit to the site’s business, costing it rudely a quarter of its revenue in addition to various fines and penalties.

Late newest year, the company paid $1.6 million US to settle with the Federal Clientele Commission as part of a probe into the company’s security protocols at the time.

While Ruby differ froms any wrongdoing, the company said in a release that if the settlement is approved by a guess later this month, it will pay up to $3,500 US each to victims who can show they were affected, to a maximum payout of $11.2 million.

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