Ring, owned by Amazon, settles with the FTC and agrees to pay $5.6 million in refunds to customers affected by privacy breaches.

117,044 customers with certain Ring devices during the breach will receive just under $50 each through PayPal.

The privacy breach involved unauthorized access to video content due to stolen credentials from other companies.

Ring will stop allowing police departments to request footage from users and has initiated a new privacy and security program.

This settlement follows Amazon's June 2023 agreement to pay over $30 million for privacy-related issues, per FTC suits.

Despite the privacy concerns and settlements, Amazon's stock has risen over 71% from the previous year.