Toronto company pays 16 million in Ashley Madison lawsuit

Tag: Tawana

The parent company of the adultery dating site Ashley Madison will pay $1.6 million in settlements following an investigation into a massive security breach that led to millions of users being outed online. Toronto-based Ruby Corp., formerly Avid Life Media, says half of the settlement money will go to the U.S. Federal Trade Commission (FTC) and half to the states participating in the probe.The company stressed the settlement neither admits nor denies the allegations made by the FTC and the State Attorneys-General. Newly appointed CEO of Ruby Corp. Rob Segal released a statement saying the “settlement closes an important chapter on the company’s past and reinforces our commitment to operating with integrity and to building a new future for our members, our team and our company.” New York State Attorney General Eric Schneiderman said yesterday that the settlement was a scathing admission of fraudulent business practices. As part of the settlement, Ruby Corp. has agreed to maintain a comprehensive information security program and refrain from past business practices that may have allegedly been misleading to consumers. read more


Tag: Tawana

Since July last year, Ikea has donated 2 euros to UNICEF from every sale of a teddy bear known as ‘Brum’ – leading to a total contribution so far of 666,566 euros (or about $829,000). This scheme will continue for another five months.”This is not about sending boxes of toys for children,” stressed Rudolf Deutekom, Director of UNICEF’s Private Sector Division. Instead, the project will use “creative, play-oriented ways” to divert street children or children caught up in civil conflict “into constructive, healthy activities.”UNICEF and the Angolan Government’s Education Ministry have set up an outreach scheme for the estimated 1.3 million children who do not attend school, as well as another programme directed at helping 80,000 street children.In Uganda’s north, Ikea’s donation will help pay for youth peer educators to teach at-risk adolescents about the dangers posed by HIV/AIDS, which has ravaged sub-Saharan Africa. read more