Posted on March 13th, 2008 at 2:03 pm by Avatar
LifeLock, a security firm which advertises itself as an identity theft prevention company is the subject of a lawsuit filed by an Arizona man who found out the way the company does its business. The problem stems for the firm’s actions in sending out warnings and bulletins out to credit bureaus when they are not even allowed to do so by law. A review of the fine print in their contract reveals the 1 million dollar guarantee that they offer if there was ever a breach of their protection methods as totally bogus and is rendered immediately ineffective according to the complainant. The services they claim to provide have nothing to do with the protection from identity theft for they take no measures to do so with respect to their clients. For a technology company to claim to be able to prevent identity theft is quite ludicrous for identity theft has a very complex and varied scope. It can happen anywhere at anytime without you even knowing about it. Experian, a credit bureau filed a lawsuit against the firm for deception and some other charges. This is the worst thing to do something like this and to give people a sense of peace they do not really have is totally criminal.