LifeLock Identity Theft Protection Service Review FTC Investigation

Identity theft protection service company LifeLock is in trouble for failing to actually protect customers' data ... again.

The FTC’s filing in the case alleged that LifeLock violated four components of the 2010 order. First, the FTC alleged that from at least October 2012 through March 2014,

LifeLock failed to establish and maintain a comprehensive information security program to protect users’ sensitive personal information including their social security, credit card and bank account numbers.

Identity Theft Protection Service Review

LifeLock CEO’s Identity Stolen 13 Times

The FTC said that Lifelock, which advertises itself as “#1 In Identity Theft Protection service ” engaged in false advertising by promising customers that if they signed up with its service their personal information would become useless to thieves.

Since 2006, LifeLock’s ads have claimed that it could prevent identity theft for consumers willing to sign up for its $10-a-month service.

According to the FTC’s complaint, LifeLock has claimed:

  • “By now you’ve heard about individuals whose identities have been stolen by identity thieves . . . LifeLock protects against this ever happening to you. Guaranteed.”
  • “Please know that we are the first company to prevent identity theft from occurring.”
  • “Do you ever worry about identity theft? If so, it’s time you got to know LifeLock. We work to stop identity theft before it happens.”

Shopping, giving out your SS#, using public Wi-Fi, data breaches are just a few of the ways it can happen

#LifeLock is in trouble again for failing to actually protect customers data from #Identitytheft wow.!

Click to Tweet
identity theft protection service from idshield

Protect your identity with 5 Million Dollars service Guarantee

LifeLock protection service doesn't live up to its name

In truth, the protection they provided left such a large hole  that you could drive that truck through it,” said FTC Chairman Jon Leibowitz, referring to a Lifelock TV ad showing a truck painted with the CEO’s Social Security number driving around city streets

The FTC’s complaint further alleged that LifeLock also claimed that it would prevent unauthorized changes to customers’ address information, that it constantly monitored activity on customer credit reports, and that it would ensure that a customer always would receive a telephone call from a potential creditor before a new account was opened. The FTC charged that those claims were false

Consumers affairs rate LifeLock

The FTC charged  that in spite of these promises, from at least October 2012 through March 2014, LifeLock violated the 2010 Order by:

1) Failing to establish and maintain a comprehensive information security program to protect its users’ sensitive personal data, including credit card, social security, and bank account numbers;

2) Falsely advertising that it protected consumers’ sensitive data with the same high-level safeguards as financial institutions; and

3) Failing to meet the 2010 order’s record keeping requirements.

LifeLock will pay $100 million to settle contempt charges from the Federal Trade Commission.

PS: if you are concerned about your identity being stolen and are looking to protect it with 5 million dollars service Guarantee ​Continue Here

identity theft protection service from idshield

Protect your identity with 5 Million Dollars service Guarantee

Malicious Android Apps Bypass 2FA and Steal Cryptocurrency Account Logins
If someone asks you to illustrate the modern threat landscape with a single analogy, just say that it's a cat[...]
Researchers Show How to Send Fake Presidential Alerts To Your Phone
Your phone’s thirst for a better signal leaves it open to bogus messages, new research shows.
WeTransfer security failure results in file transfer emails being sent to the wrong people
WeTransfer, the popular online service for sharing large files easily without having to worry about gobbling up email inbox quotas,[...]
IDG Contributor Network: What is architecture?
Whether we are talking about an enterprise or a system, we refer to something we call an “architecture.” Most of[...]
IDG Contributor Network: 3 ways devops mitigates the operational IT skill gaps
Talk to CIOs and IT leaders about their strategic and innovation programs and they are sure to mention that skill[...]
IDG Contributor Network: What does digital transformation really mean?
We hear the term “digital transformation” all the time, and probably too often in my humble opinion. But what does[...]

.

LifeLock Identity Theft Protection Service Review FTC Investigation

Comments

comments

7 thoughts on “LifeLock Identity Theft Protection Service Review FTC Investigation

Leave a Reply

Inline
us
Inline
us