Security Camera Company to Pay $2.95 Million Settlement With FTC

The Federal Trade Commission (FTC) said on Aug. 30 that Verkada has agreed to a proposed settlement over allegations that its security failures had enabled hackers to access footage from over 150,000 internet-connected cameras in 2021. The California-based surveillance camera company Verkada failed to use “appropriate information security practices” to protect consumers’ personal information, the FTC said in a statement. The agency also levied a $2.95 million fine “to settle allegations the company inundated prospective customers with commercial emails,” in the largest penalty of its kind, the FTC said. Verkada agreed to pay the settlement but rejected the FTC’s allegations. The Department of Justice (DOJ) filed a complaint upon notification and referral from the FTC, alleging that Verkada’s security failures had led to a hacker gaining access to security cameras in sensitive areas....