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.

Web hosting company GoDaddy Inc. will adopt new information security measures to settle allegations from the Federal Trade Commission that it failed to secure customers and visitors from security breaches,

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.

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.

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.

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.