Will Lifelock's CEO Get To Be A Part Of The Class Action Lawsuit Against Lifelock?
from the he-could-qualify dept
You may recall the story of Lifelock, the company that heavily advertises its service which charges you $10/month to get services that you can get on your own for free from credit agencies. This is the one where the CEO gives out his Social Security number in every advertisement to show how confident he is in the service. Of course, what he leaves out is that Lifelock failed to stop identity fraud carried out against him (oops). Oh yeah, also the stuff about how the company's founder was being investigated for fraud (and potential identity fraud) at a previous company.So, it should come as little surprise that some customers of Lifelock aren't particularly pleased with the company and have filed a class action lawsuit against the company, claiming deceptive advertising, and noting that it doesn't really provide much security. One additional nugget of information: the identity fraud against the CEO that we mentioned earlier is just the tip of the iceberg. The CEO's social security number is apparently now widely in use among identity scammers. Well, maybe he'll get some money out of the class action lawsuit, since it appears that he was misled by his own advertising...
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Filed Under: class action, identity fraud
Companies: lifelock
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Karma is a bitch
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LifeLock Lawsuit
My company is working with this guy to align him with online banking services! Well I guess that marriage won't be consummated anytime soon!
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Ha Ha Ha Ha Ha Ha Ha
HA HA HA HA HA HA HA
I'm rolling!!!!!!!
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^ AH hA
Tards!
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Funny thing is....
Too funny.
I was thinking about it but decided to wait a while and see how it went. Where there is a will there is a way.
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The free services
freeIDENTITYprotect.com walks you through filling out the services and remembers when it's time for you to order another credit report or re-set your fraud alerts - without charging.
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Free service to California residents
It's a minor PITA, as you have to pay a fee to unlock a credit bureau report whenever you want to apply for credit or a credit line increase. The identity thieves have a harder time trying to steal your identity if they can't see your credit report, and it's also good for people who have legitimate (or illegitimate) worries about privacy.
Exception - current and recent companies who you have credit with can access your reports, so it's not a free ride for the deadbeat.
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Poetic Justice
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Wrong Info
One, Lifelock's service go beyond things you can do yourself. They have bot programs that scour the internet for my information being sold on the black market (I don't know how to operate or create a bot program), they check for change of address forms filed in my name (I don't have the time to go through the 45 million change of address forms filed each year), and other services.
And yes, I can also change my oil, do my dry cleaning, wash my car myself, but I pay others to do it for convenience, just as I pay LifeLock.
The company's "founder" has been excused long, long ago.
The CEO's identity has been stolen once according to media reports, on a quick payday loan for $500 and there have been tens of thousands of attempts.
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Whoop! Whoop! lifelock PR Spin in full effect!
Set phasers to Crispy!
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It was only a matter of time....
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Isn't that the whole point of the service? If your identity is stolen, they clean it up for you, which they did obviously at no adverse affect to the CEO.
I'm sure thousands of people try to steal his number each day as it is posted everywhere and on TV and radio. To me, it shows the service does work. They found it and resolved it, and I know, or hope, my SS# would be never nearly exposed as his is.
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Re:
Funny thing is, my dad was talking to me about this a little while ago. He was wondering how they could possibly do anything like they say (he works a lot with credit checks). I guess they really can't.
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not lifelock
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Good job on information security
If 1/100 of 1% of the population attempted to assume Todd Davis' identity or gain access to his funds this would equate to around 28,000 people doing what they could to gain access to his funds. Very secure if you ask me as those willing to give it a go know what they are doing.
How many network security gurus could guarantee nobody would get into there network after providing the nation with a network IP address. I work in network security and I am very happy I do not have 28,000 people dedicated to breaking into my network even absent my broadcasting critical information on national television.
I am not sure about the other aspects of the company and the legitimacy of suits filed against them but from an information security perspective a single successful attempt on a security number which was broadcast is an exceptional accomplishment.
(No affiliation with LifeLock of course)
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"...you also agree that you will not participate in any way in any class action in connection with any such dispute, controversy or claim, either as a class representative plaintiff or as a member of a putative class."
So, you are now waiving your rights to join any class action suit if you sign up.
Too funny!
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Re:
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Plagurism/Facts
"Davis acknowledged consumers could take the same steps themselves, but points out that people can change their own oil, too. At $10 a month, LifeLock figures customers will prefer to let it handle the paperwork."
So it appears it is valid to say all things accomplished by Lifelock could be done by individuals if they prefer not to shell out $10.00 a month.
Additionally there seems to be some skewing of the numbers by Lifelock. Lifelock advertises the rate of identity theft at 1 in 5 or 20%.
According to Javelin Strategy & Research Survey - February 2007
Survey findings Include:
8.4 million cases or 3% of population in 2007.
Total one year fraud amount: $49.3 billion in 2007.
The mean fraud amount: $5,720 in 2007.
The mean resolution time was 25 hours per victim.
If I were a lottery playing man I like those odds, but a garunteed loss of $10.00 per month based on a 3% (and declining)chance of someone successfully getting an average of $5,720 of my dollars(which I can get back after some work) I just can not justify the expense.
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Re: Plagurism/Facts
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Re: Re: Plagurism/Facts
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Re: Re: Re: Plagurism/Facts
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Re: Re: Re: Re: Plagurism/Facts
I'm not even going to respond further you are obviously an idiot.
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its very simple
If anyone is too stupid to pay atention to what you get from them then its their problem. I'm tired of idiots always blaming someone else becasue they are too lazy or stupid to read up and educate themselves, read the FAQ's and fine print.
First, I agree...I think him giving out his SSN was stupid. Why invite a problem? Biut it was an effective marketing tool, but I still wouldn't have used it.
Second, like a previous poster mentioned. YES you can do a LOT of what they do for free, and they tell you that in their FAQ (if you read it). So you know what? Go and do it! I'd rather continue to bill out at $120 per hour and let someone else do all that work for $10 a month. Its a judgement call and they provide a service. I could probably paint my house too, but I'd rather not. I'll pay a professional.
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Why is everyone who agrees with a businesses on a forum/message board always an employee of said company? It would probably take a PR staff of thousands to do such a thing. Is everyone who posts bad things about a company one of their competitors? No, for the same reason.
Anyways, I pay for the service for convenience. I haven't had my ID stolen. Maybe I'm paranoid, but I do know people who have had their IDs stolen and while they got the $$ back, they spent literally dozens of hours and much hassle trying to do it. I really don't care what past founders or whatever did. I know I can do some, not all as a previous poster mentioned, of LifeLock's stuff for myself, but I don't want to take the time, plain and simple.
I hope we get updates on these lawsuits to see what the courts and law has to say. I'm sure if they are dismissed or thrown out, we wont' hear a peep of it because lawyers PR teams won't publish that.
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LifeLock vs LockDown
LifeLock Does!
LockDownMyID.com is web based and an affiliate driven business that shares 50% of the monthly subscription.
LifeLock ISN'T and DOESN'T!
LockDownMyID.com has Fraud Alert call forwarding
LifeLock DOESN'T!
LockDownMyID offers members REAL identity theft insurance
LifeLock has a guarantee!
LOCKDOWNMYID.COM
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ME
http://www.blogtalkradio.com/OptOutDetectives/blog/2009/07/24/Todd-Davis-from-Lifelock-Not -So-Protected-To-much-info-on-public-data-bases-Opting-out-would-ha
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Re: SEO Company
Consumers need to spend more time educating themselves on the problem of idenity theft and not just rely on product/service marketing soundbits to get their information on the problem which according to industry security experts, have reached pandemic levels.
LifeLock should take a serious look at what they say they can provide... and consumers should read about the service products BEFORE they elect to become subscribers. If consumers do this, then they make an informed buying decision. At that point, they have no one to blame if they pay for something that gives them little value.
It's takes less than 5 minutes to place fraud alerts BUT, before you do so, you have to believe you're a victim of idenity theft. What's so time consumming about that? It takes longer to sign-up for the LifeLock service!
After 90 days, you have to provide documented proof to continue the fraud alerts. This is one of the reasons the LifeLock flawed program got them into trouble. They automated their system to place fraud alerts without the validation of being a victim which is required by law to continue the fraud alerts.
Even their new product/service claims only report use of your info on the internet which means this is AFTER the theft has occured. After the fact does little and cannot be considered "proactive" which is what they say in their advertising. I imagine the lawyers in the class action lawsuits will point out that this falls into the category of "deceptive advertising" which is part of the complaint against LifeLock.
These are all consumer teaching moments.
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karma
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