Comments on: LifeLock–A Review

By: David M.

David M. — Sat, 09 May 2009 14:19:27 +0000

These guys are as much of a scam as identity thieves themselves. A half hour on the phone with their member services department proved that to me. I had my info stolen and someone fraudulently signed up a LifeLock account in my name (ironic, no?). These guys wouldn’t lift a finger to help me out, it was obvious that they could care less, they got their money and were happy.

Everyone, just so you know, all they do is sign up for that 90 credit fraud alert for you every 90 days. They sign you up with their phone number and then call you if they get a call. Guess what? You can just sign up your own phone number and get the exact same service for free. Just add a recurring event to your Google Calendar to fill out the online form quarterly and you’re done. Not only is this cheaper, but you don’t have to give all of your confidential info (e.g. SSN) to a bunch of scammers (e.g. LifeLock).

By: Jeremy Duffy

Jeremy Duffy — Thu, 19 Mar 2009 19:24:52 +0000

Lifelock doesn’t offer much for the money you spend. Get a credit freeze instead which is not only cheaper, it’s free in some cases.

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HUD homes: Save big money by buying foreclosures - Smart Spending — Wed, 16 Jul 2008 11:20:35 +0000

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By: What is phishing? Here's a real-life example - Smart Spending

What is phishing? Here's a real-life example - Smart Spending — Wed, 18 Jun 2008 04:02:21 +0000

[...] e-mail intended to trick me into divulging confidential banking information. As a follow-up to my LifeLock review, I thought I’d share the e-mail with you. If you’re not familiar with phishing e-mail or how to [...]

By: What is Phishing–A Real Life Example | Smarter Money Management

What is Phishing–A Real Life Example | Smarter Money Management — Wed, 28 May 2008 16:49:51 +0000

[...] email intended to trick me into divulging confidential banking information. As a follow up to my LifeLock Review, I thought I’d share the email with you. If you’re not familiar with phishing emails or [...]

By: DR

DR — Wed, 28 May 2008 01:23:35 +0000

KMC, I should add to my previous response that the Supreme Court just declined to hear a case that involved class action lawsuits and arbitration clauses. I won’t go into the details here, but the decision is not favorable to LifeLock.

By: DR

DR — Sat, 24 May 2008 18:34:50 +0000

KMC, I’ve read the lawsuit and predict that it won’t go far. Having defended many class action lawsuits years ago, I suspect LifeLock will prevail on a motion to compel arbitration. They haven’t filed that motion yet, but they certainly will. That will defeat any class certification. I also suspect that the plaintiff’s fraud claims are weak, at best.

By: DR

DR — Sat, 24 May 2008 18:33:14 +0000

DIMA, one of the credit bureaus is suing LifeLock, although it is unclear how that will resolve itself. I think what LifeLock does for consumers, consumers can do for themselves if they want to. It does take some effort and organization, and you have to remember to stay on top of it. Whether they are misusing fraud alerts or not is an open question, although I do think the credit reporting agencies have a good argument.

By: KMC

KMC — Thu, 22 May 2008 11:55:03 +0000

Check out this story: “Fraud-prevention pitchman becomes ID theft victim”
http://www.cnn.com/2008/CRIME/05/22/lifelock.flap.ap/index.html

Seems the CEO who puts his SSN all over the place was a victim recently. And a class action law suit is taking shape against the company.

By: Dima

Dima — Thu, 22 May 2008 04:41:49 +0000

Definitely not worth it and I am pretty sure one of the credit bureaus is suing them right now because they are basically misusing the fraud alerts.