GoDaddy will implement new information-security programs to settle charges that the technology platform failed to secure its website-hosting services and protect its customers from attacks, the Federal Trade Commission said.

The FTC will require web hosting giant GoDaddy to implement basic security protections, such as multi-factor authentication and HTTPS APIs, to settle charges that it failed to secure its hosting services against attacks since 2018.

A proposed settlement order from the FTC will require GoDaddy to strengthen its security practices following multiple data breaches at the web hosting giant

Despite its size and complexity, FTC complained that the company had failed multiple security standards that needed to be fixed immediately.

The Federal Trade Commission will require web hosting company GoDaddy to implement a robust information security program to settle charges

Internet registrar and web host GoDaddy agreed to two decades worth of third-party assessments over its cybersecurity practices in a settlement with the U.S. FTC.

Shares of GoDaddy Inc. (GDDY) surged more than 1% in mid-market trade on Wednesday after the web hosting company entered into a settlement with the U.S. Federal Trade Commission (FTC). The FTC had alleged in its complaint that GoDaddy did not implement reasonable security measures against threats and misled customers about the data security measures it had enabled on its platform.