FTC issues refunds to scareware victims

Summary:The US Federal Trade Commission announced that it plans to issue refunds to scareware victims, following a settlement with Innovative Marketing.

Have you been a victim of scareware?

If so, there's a high probability that a refund is waiting for you, just around the corner.

The US Federal Trade Commission announced that it plans to issue refunds to 320,000 known scareware victims, following a settlement with Innovative Marketing -- a producer and distributor of fake security software known as  Winfixer, Drive Cleaner, and XP Antivirus. -- for $8,272,962.

With $100 million in revenues, Innovative Marketing's case clearly indicates just how profitable the scareware business is.

Topics: Legal, Malware, Security

About

Dancho Danchev is an independent security consultant and cyber threats analyst, with extensive experience in open source intelligence gathering, and cybercrime incident response. He's been an active security blogger since 2007, and maintains a popular security blog sharing real-time threats intelligence data with the rest of the community... Full Bio

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