Wednesday, January 14, 2009

LIfelock Issues

Here is citation for much of what I've heard about Lifelock, it is a good summary of what I've heard and read in my own research:

http://www.bloggernews.net/115050
In the most recent class action, it alleges that Lifelock doesn’t protect it’s customers from all forms of identity theft. It also alleges that putting repetitive alerts on a credit report might hurt a person’s ability to get credit. Last but not least it alleges that Todd Davis — the CEO of Lifelock who plasters his own social security number all over the place as a marketing tool — has himself been an identity theft victim several times."

UPDATE 12.14.13 (the article is older I just added to my blog on 12.14.13)
This is too relevant not to share:

"LifeLock's Fraud-Alert Service Banned Forever in Settlement With Experian"
LifeLock, the ethics-bending, Tempe-based firm covered in two 2007 New Times feature articles, has been permanently banned from performing what used to be its most basic service.

http://blogs.phoenixnewtimes.com/valleyfever/2009/10/lifelocks_fraud-alert_service.php

The link to "permanently banned" takes you to this article by Patrick O'Grady
http://www.bizjournals.com/phoenix/stories/2009/10/19/daily66.html

But here is an excerpt just in case "LifeLock Inc. and Experian Information Solutions Inc. have settled their lawsuit, and the agreement permanently blocks the original process LifeLock used to protect its clients."

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