FTC Approves Credit Karma & Fandango Settlement for Failing to Secure Data

Credit Karma and Fandango have settlement with the FTC approved
It’s what has been expected. The Federal Trade Commission (FTC) approved the settlements with both Credit Karma and Fandango for their failure to take reasonable steps to secure their mobile apps. By not doing so, both companies made the sensitive personal and financial data of their consumers vulnerable to hackers.

The settlement was first proposed in March 2014. Under it, both companies are required to establish comprehensive security programs to be followed for all future development of their apps to address possible security risks. In addition, the two companies are required to have these measures reviewed with an independent security assessment every two years through the year 20

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8 Responses to FTC Approves Credit Karma & Fandango Settlement for Failing to Secure Data

  1. david says:

    This was a really stupid things for Credit Karma to do, especially since they are a company that gives out credit information and offers a credit monitoring service. You would think security would be their top concern, but it obviously wasn’t.

  2. Franklin says:

    This is the reason I stopped using them. Well, that and because I started to get my credit score for free through my Discover Card monthly statement so there was no need to go there to see it. I’m not sure the settlement helps to resolve the damage that was done by not securing people’s information.

  3. faith says:

    If people would just follow Dave Ramsey and not care about their credit score and credit report, then they would never have this information exposed to delinquents. It just goes to show that Dave is right and caring about your credit score is only going to get you into trouble.

  4. herdjohnson says:

    Whew, there for a second I was afraid faith wasn’t going to show up to warn us of the dangers of credit scores!

    In other news, just earned an extra 35 bucks this month in credit card rewards while paying no interest. Thank you, credit score!

  5. Shame on Fandango and Credit Karma! But let’s not talk about Dave Ramsey and abandoning credit. That doesn’t work in the urban centers in this country.

  6. faith says:

    It works. Only those who accept that credit is important think this way. You need to change the way you think about debt, or you will become a slave to debt.

  7. faith says:

    But how much extra did you spend to get that $35? Studies show people who use credit cards spend more money than those who use cash.

  8. herdjohnson says:

    Exactly zero. 90% of my rewards come from gas and groceries. The rest come from fixed bills. It’s called using credit responsibly. You wouldn’t know, because you have a zero credit score.

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