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Ashley Madison owner to pay $11.2M settlement over data breach

The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach. Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary class-action settlement, which requires approval by a federal judge in St. Louis. Ashley Madison marketed itself as a means to help people, primarily men, cheat on their spouses, and was known for its slogan “Life is short. Have an affair.” But the breach cost privately held Ruby more than a quarter of its revenue, and prompted the Toronto-based company to spend millions of dollars to improve security and user ...