VTech Holdings Settles with U.S. FTC Over Child Privacy and A 2015 Cyberattack

VTech Electronics Limited and VTech Electronics North America, LLC, subsidiaries of Hong Kong based VTech Holdings Limited, have reached a settlement with the U.S. Federal Trade Commission (FTC) regarding a 2015 cyber attack and issues regarding the Children's Online Privacy Protection Act (COPPA).

Although VTech has agreed to this settlement to address these long-resolved issues, VTech does not admit any violations of law or liability.

"We are pleased to settle this two-year-old investigation by the FTC," said Allan Wong, Chairman and Group CEO of VTech Holdings Limited. "Following the cyber attack incident, we updated our data security policy and adopted rigorous measures to strengthen the protection of our customers' data. We also took steps to address the technical notice and consent issues under COPPA."

VTech is committed to and will progressively execute data security improvements so that customers of VTech products and services can rest assured the data they entrust with VTech is well protected. VTech will also continue to be a market leader in providing innovative products that parents can trust.