Moulington has agreed to pay a $3 million fine over the $1 billion cyber breach, which the advertising giant said was “a massive and systematic breach of confidence in the company’s advertising.”
The breach was discovered last October when a group of hackers broke into a network that monitors ad sales.
That network, which is managed by a separate company called AdWords, has more than 200 million unique monthly visitors, including more than 50 million in the United States.
The company said the hackers breached the network on June 20, 2020, but the data was not yet publicly available.
AdWords, which has more information about ad buying than any other company, says that it was notified of the breach in late May and notified by the FBI, which began investigating on June 27.
The FBI said in a statement that it had launched a criminal investigation into the matter, and that “it is cooperating with the Moulons investigation.”
According to the Federal Trade Commission, Moulson is expected to pay the fine.
The fine is the equivalent of about $1,000 per day, but it is likely to be more.
The maximum penalty is $2 million, the FTC said.
The company also said that it has already begun an internal review to improve its cybersecurity and prevent future incidents.
The Moulmans breach also came at a time when many other companies were also reporting major breaches.
Twitter, Facebook, Google and Microsoft were all hit by hacks last year, but none of them was as severe as the one Moulston was hit with.