Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Interpublic Group of Companies Inc    IPG

Delayed Quote. Delayed  - 08/24 10:02:03 pm
23.02 USD   -0.78%
08/23DJINTERPUBLIC OF : Probe of Ashley Madison Website Breach Faults Safeg..
08/23 MCCANN DETROIT : Names Bill Cimino As Chief Creative Officer
08/22 INTERPUBLIC OF : The LA Dodgers And R/GA Announce Second Sports Acce..
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Interpublic of : Probe of Ashley Madison Website Breach Faults Safeguards

share with twitter share with LinkedIn share with facebook
share via e-mail
08/23/2016 | 08:15pm CEST

OTTAWA-The parent company of infidelity website Ashley Madison failed to build a privacy and security framework to protect its customers, according to a joint probe by Canadian and Australian privacy authorities.

The investigation, which identified a number of privacy-law violations in both Canada and Australia, was undertaken after the Ashley Madison website was hacked roughly a year ago, and results were released Tuesday.

The privacy watchdogs said some information about the site's security practices that might have influenced a decision by the public to use the site was "either absent, difficult to understand or deceptive," their report said.

Canada-based Ashley Madison-which bills itself as "the online personals & dating destination for casual encounters, married dating, discreet encounters and extramarital affairs"-was thrust in the spotlight last year when cybercriminals posted online stolen customer information, including customers' credit-card details, addresses and sexual preferences.

Toronto police described the hack as one of the largest data breaches in the world.

Ashley Madison's parent, formerly Avid Life Media Inc. but since rebranded as Ruby Corp., is under investigation by the U.S. Federal Trade Commission for its business practices, the company disclosed last month.

The Canada-Australia probe focused on whether at the time of the data breach Avid Life had proper safeguards to protect clients. The findings of the Canada-Australia report offer no conclusions with respect to the cause of the data breach itself. Further, law-enforcement officials haven't identified anyone associated with committing the hack.

According to a statement from Canada's Privacy Commissioner, the joint probe found Avid Life's information security safeguards "insufficient or absent." The probe also found the company placed "phony" icons on its home page to reassure users regarding privacy worries, such as a medal labeled "trusted security award;" and a lock indicating the website was "SSL secure."

"Handling huge amounts of this kind of personal information without a comprehensive information security plan is unacceptable," said Daniel Therrien, Canada's privacy watchdog.

Ruby said in a statement it has voluntarily entered into compliance agreements with Canadian and Australian privacy authorities that would implement new security measures and other recommendations to protect against future hacks and the disclosure of its customers' personal information.

"The company has cooperated with the commissioners throughout their investigation and will continue to share information with them as we honour the terms of the compliance agreement and enforceable undertaking," said Rob Segal, the company's chief executive.

Mr. Segal, who previously ran a communications firm that was later acquired by Interpublic Group of Cos., was named Ruby's new CEO in July as the company attempts to rebrand itself beyond the infidelity moniker.

The data breach led to several cases of extortion of Ashley Madison clients in which the clients were threatened with exposure unless they paid 300 Canadian dollars (about US$240) to the hackers, according to Toronto police.

Write to Paul Vieira at paul.vieira@wsj.com and David George-Cosh at david.george-cosh@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
08/23DJINTERPUBLIC OF : Probe of Ashley Madison Website Breach Faults Safeguards
08/23 MCCANN DETROIT : Names Bill Cimino As Chief Creative Officer
08/22 INTERPUBLIC OF : The LA Dodgers And R/GA Announce Second Sports Accelerator Prog..
08/18 R/GA : Announces Marketing Tech Venture Studio in partnership with Interpublic
08/11 MRM//MCCANN : and Grand Central Tech Partner To Support Leading-edge Technology ..
08/11 INTERPUBLIC OF : Wayne Hickey Joins Weber Shandwick as EVP, Senior Technology St..
08/10 INTERPUBLIC OF : Declares Common Stock Dividend
08/03 INTERPUBLIC OF : Mat Baxter appointed global CEO, Initiative
08/02 INTERPUBLIC OF : IHOP Restaurants to Introduce A Bold New Ad Campaign This Septe..
08/01 HARLEY DAVIDSON : IPG's Team Ignite Selected for Harley-Davidson Global Creative..
More news
Sector news : Advertising & Marketing - NEC
08/24 WPP sees signs of post-Brexit recovery in British ad market
08/24DJWPP Expects to Benefit From Brexit-Weakened Pound
08/24DJWPP : Profit Plunges in First Half
08/19DJRyan Lochte's Endorsement Potential Could Take a Hit After Rio Robbery Scanda..
08/15DJCOMCAST : NBC's Ratings for Rio Olympics Fall Behind London
More sector news : Advertising & Marketing - NEC
News from SeekingAlpha
07/21 Interpublic Group of Cos. (IPG) Michael Isor Roth on Q2 2016 Results - Earnin..
07/21 Interpublic Group -6.2% as Q2 revenues miss expectations
07/21 Interpublic Group of Companies Inc. 2016 Q2 - Results - Earnings Call Slides
07/21 Interpublic Group of Companies reports Q2 results
07/20 Notable earnings before Thursday?s open
Financials ($)
Sales 2016 7 824 M
EBIT 2016 941 M
Net income 2016 552 M
Debt 2016 446 M
Yield 2016 2,52%
P/E ratio 2016 17,04
P/E ratio 2017 15,92
EV / Sales 2016 1,25x
EV / Sales 2017 1,17x
Capitalization 9 296 M
More Financials
Duration : Period :
Interpublic Group of Compa Technical Analysis Chart | IPG | US4606901001 | 4-Traders
Full-screen chart
Technical analysis trends INTERPUBLIC GROUP...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 25,6 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Michael Isor Roth Chairman & Chief Executive Officer
Frank Mergenthaler Chief Financial Officer & Executive Vice President
John Halper Chief Information Officer & Senior Vice President
H. John Greeniaus Independent Director
William T. Kerr Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WPP PLC11.26%29 557
OMNICOM GROUP INC.11.91%20 028
JCDECAUX-11.33%7 526
More Results