Technology content trusted by users in North America and around the world.
4,962 Articles | 29,976 Posts
Select Your Edition:  
Tweakipedia
A wealth of
tech information!

USA EditionYou are located: Home > All News > Business, Financial & Legal News > FTC slaps a $160M fine onto Scareware creators who scared users into buying fake anti-virus software

FTC slaps a $160M fine onto Scareware creators who scared users into buying fake anti-virus software

By: (more) | Business, Financial & Legal News | Posted: Oct 2, 2012 11:30 pm

The government may finally have your back when it comes to computer-based scams. The Federal Trade Commission has slapped a massive fine onto advertisers who scared users into believing that their computers were infected with malicious files, viruses, and pornography so that they would spend money on a bogus removal program.

 

ftc_slaps_a_160m_fine_onto_scareware_creators_who_scared_users_into_buying_fake_anti_virus_software

 

The advertisers responsible for peddling this "scareware" have been fined $163 million for misrepresenting "expressly or by implication, that they had conducted scans of consumers' computers and detected security or privacy issues, including viruses, spyware, system errors, and pornography."

 

In other words, they have been fined for false advertising as these ads for the scareware didn't actually complete any sort of scan to arrive at the conclusion that users' computers were infected. Of course, users were then redirected to buy removal software that would take care of the non-existent problem.

 

Kristy Ross, Sam Jain, Daniel Sundin will get to share the large portion of the fine, an amount that is roughly triple what they brought in from 2000 to 2008 ($60M).


SOURCE #1

Related Tags



Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!
  • Upcoming Content: NVIDIA GeForce GTX 780 3GB Overclocked - Closing the gap on the GTX TITAN
  • Upcoming Content: Scythe Mugen 4 Tower CPU Cooler Review
  • Upcoming Content: NZXT Grid 10 Port Fan Hub Review
  • Upcoming Content: Western Digital My Passport Edge for Mac 500GB External HDD Review
  • Upcoming Content: PQI Air Card 4GB Wi-Fi SDHC Review
  • Upcoming Content: LaCie CloudBox 1TB Personal NAS Review
  • Upcoming Content: Star Trek: The Next Generation - Season Three (1989) Blu-ray Review
  • Upcoming Content: The Hobbit: An Unexpected Journey (2012) Blu-ray Movie Review
  • Upcoming Content: Whatever happened to Comodo Time Machine?
  • Upcoming Content: ADATA DashDrive Elite UE700 USB 3.0 Flash Drive Review
  • Upcoming Content: MyDigitalSSD BP4 240GB mSATA Review


Business, Financial & Legal News Posts

View More Business, Financial & Legal News Posts


TweakTown Web Poll

Question: What new stuff are you most excited to see at Computex Taipei 2013?

Cases, Coolers & PSU’s

CPU's

Gadgets

GPU's & Video Cards

Keyboards & Mice

Laptops, Tablets & Phones

Motherboards & Chipsets

New Tech

SSD's & Memory

Booth Babes

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Business, Financial & Legal Press Releases

View More Business, Financial & Legal Press Releases