Posted by sarahk closeAuthor: sarahk
Name: Sarah Kane
Email: sarahk@interwork.com
Site: http://www.interwork.com
About: See Authors Posts (49) @ Thu, 11 Jun 2009 09:26:17 -0400
From CRN.com
To read full article please visit www.crn.com or click the link below:
http://www.crn.com/security/217800642;jsessionid=0VQICIDDFC03KQSNDLOSKH0CJUNN2JVN
Security vendors Symantec (NSDQ:SYMC) and McAfee will be shelling out a combined $750,000, while creating more transparency about consumer subscription terms and renewal policies as part of a settlement agreement authorized by New York’s attorney general.
The $750,000 penalty was issued as part of a combined settlement after Symantec and McAfee were found to have renewed consumers’ software subscriptions without their knowledge or authorization. Under the terms of the settlement, both Symantec and McAfee will have to make detailed disclosures to consumers about subscription terms and renewals, and each will be required to pay $375,000 in penalties and costs.
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