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 Federal Trade Commission said GoDaddy would need to implement a robust information security program to settle charges that the company failed to secure its website-hosting services against attacks which could harm its customers and visitors to the customers' websites.

The website hosting company was accused of failing to implement robust enough security measures from at least 2018.

The FTC ordered GoDaddy to improve its online security measures on behalf of small-business customers. The Tempe-based company said it already does so.

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

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.