Amazon's Ring will pay the FTC $5.8 million to settle a lawsuit over privacy violation claims.Chip Somodevilla/Getty Images Amazon's Ring will pay the FTC $5.8 million to settle a lawsuit claiming privacy violations, according to Wednesday court filings. The FTC alleged Ring employees and third-party contractors had unrestricted access to customers' video recordings. A Ring spokesperson denied the company violated the law, and told Insider the issues were addressed "years ago." Amazon-owned smart doorbell company Ring agreed to settle a lawsuit filed against the company by the Federal Trade Commission regarding privacy and data security concerns.Ring will pay $5.8 million to the FTC and implement a new system for data security as part of the settlement, according to court documents filed Wednesday.