Updated
Updated · Bloomberg · Jun 30
Amazon Pays $2.25 Million to Settle US ID Theft Records Case
Updated
Updated · Bloomberg · Jun 30

Amazon Pays $2.25 Million to Settle US ID Theft Records Case

1 articles · Updated · Bloomberg · Jun 30

Summary

  • $2.25 million will resolve U.S. claims that Amazon routinely failed to give identity-theft victims records tied to fraudulent purchases made in their names.
  • A court filing on Monday disclosed the settlement, which follows a Federal Trade Commission investigation into whether Amazon withheld information customers were legally entitled to receive.
  • The case centered on Fair Credit Reporting Act requirements that companies provide records needed by victims to document and challenge identity-theft transactions.

Insights

If Amazon failed to provide basic records to fraud victims, how secure is the personal data of its millions of other customers?
Beyond small fines, what will it take to make tech giants truly accountable for aiding identity theft victims?