> Because of its failure to implement security measures, more than 55,000 U.S. customers faced attacks from hackers that compromised Ring devices between January 2019 and March 2020, the FTC said.
During this time frame, Amazon reported[2][3] raking in $14B net profit on $356B revenue, so the impact of a $30M penalty relative to operations of the period amounts to ~0.2% and ~0.008%, respectively.
Nice rounding error, FTC...unimpressed.
On a related note, I recently replaced my heat pump and part of the contractor's offer was a free Ring-compatible smart thermostat with the purchase of a qualified high-efficiency system...I firmly insisted to keep that garbage out of my home and install a sufficiently dumb one instead (Honeywell T6 Pro variant without wifi).
[1] https://news.ycombinator.com/item?id=36147196
[2] https://www.sec.gov/Archives/edgar/data/1018724/000101872420...
[3] https://www.sec.gov/Archives/edgar/data/1018724/000101872420...