Paddle Faces $5M FTC Fine over Alleged Tech Support Scam Involvement

Paddle faces $5M FTC fine over alleged tech support scam involvement

The U.S. Federal Trade Commission has ordered UK-based payment processor Paddle and its U.S. subsidiary to pay a $5 million penalty to resolve its alleged screening and fraud prevention lapses that allowed credit card system exploitation by tech support firms Restoro, Reimage, and PC Vark. Introduction to Malware Binary Triage (IMBT) Course Looking to level up your skills? Get 10% off using coupon code: MWNEWS10 for any flavor. Enroll Now and S…

Paddle to Pay $5 Million After FTC Crackdown on Tech Support Scam Ties - THE iBULLETIN

Paddle.com and its U.S. branch have agreed to pay $5 million to settle Federal Trade Commission charges that the payment processor enabled shady software peddlers to scam American consumers—many of them older adults—with fake virus warnings and junk tech support. The settlement shines a harsh spotlight on the company’s role in a years-long grift that relied on pop-up scare tactics, subscription trickery, and weak internal controls to rake in ten…

Paddle to Pay $5M to Settle FTC Tech Support Scam Claims | Fintech InShorts: Latest fintech news, analysis by experts

Exploring the Implications of Paddle’s Settlement with the FTC Over Deceptive Practices Highlights: Paddle has agreed to a $5 million settlement with the FTC. The settlement addresses claims related to misleading tech support practices. This case emphasizes the importance of transparency and honesty in tech service advertising. Paddle’s recent $5 million settlement with the Federal Trade Commission highlights significant issues surrounding dece…