Amazon.com Inc.’s AMZN Ring video doorbell division will pay the Federal Trade Commission $5.8 million to settle charges it violated customer privacy provisions, according to a court filing Wednesday. The FTC charged Ring with “compromising its customers’ privacy by allowing any employee or contractor to access consumers’ private videos and by failing to implement basic privacy and security protections, enabling hackers to take control of consumers’ accounts, cameras, and videos.” Amazon acquired Ring in 2018.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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