Amazon pays $2.25 million penalty to resolve identity theft lawsuit
The US Federal Trade Commission (FTC) has imposed a $2.25 million (approximately ₹21.3 crore) fine on Amazon to settle a dispute involving victims of identity theft. According to the FTC, Amazon breached the Fair Credit Reporting Act by failing to share transaction details with customers whose identities were stolen for fraudulent purposes. The agency stated that Amazon subjected these victims to 'Kafkaesque' challenges by insisting that they personally identify the perpetrators.
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