FTC cracks down on GoDaddy for cybersecurity failings

Summary: The Federal Trade Commission (FTC) has mandated that GoDaddy enhance its cybersecurity measures due to significant deficiencies that led to multiple security breaches from 2019 to 2022. The FTC alleges that GoDaddy misled customers about the security of its web hosting services, resulting in consumer harm. The settlement requires GoDaddy to implement a comprehensive cybersecurity program and undergo regular assessments by an external firm.

Threat Actor: Cybercriminals | cybercriminals
Victim: GoDaddy Customers | GoDaddy customers

Keypoints :

• FTC found GoDaddy failed to implement industry-standard security measures, leading to major breaches.
• GoDaddy misrepresented its security capabilities, affecting millions of small businesses relying on its services.
• The settlement includes a ban on false advertising about security practices and mandates a comprehensive security program.