Comments on: Do-It-Yourself Identity Theft Protection

By: GoodCreditGuy

GoodCreditGuy — Sun, 23 Aug 2009 13:38:19 +0000

everyone should get a 90 day fraud alert on theic credit reports as a free way to compel credit companies to contact you directly before ANY new credit account is opened……a free ‘lifelock’ (that must be renewed every 90 days of course)

By: Paul

Paul — Fri, 07 Aug 2009 22:25:57 +0000

The only thing you left out was the pain in the butt opt outs and letters you should write to remove your info from the internet.

Here’s a good read on the holes lifelick has

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

By: tom

tom — Thu, 22 Jan 2009 20:02:39 +0000

this is great. I will need to look into this post in more detail so improve my own security.

thank you for the post.

By: Anonymous

Anonymous — Tue, 27 May 2008 18:44:04 +0000

I don’t believe that LifeLock is actually required to pay for the cost of fixing any damage done due to identity theft in most situations. The guarantee LifeLock offers only covers damages that result from a defect in LifeLock’s service. Of course, LifeLock only promises to remove your name from lists and put a fraud alert on your credit file (things you note that can be done for free). If someone still manages to steal your identity (if, for example, a bank doesn’t notice or care about the fraud alert) the damages would not be a result of a defect in LifeLock’s service and LifeLock probably wouldn’t pay to get things fixed.

This is exactly what one of the lawsuits is about. According to an article about the lawsuit, “the only way fraudulent activity could result from a defect on LifeLock’s behalf was if the company failed to sign its customer up for a fraud alert or add its name to an opt-list. Even if that happened, [the plaintiff's attorney] said, it would be difficult for a customer to prove it was LifeLock’s fault.” The above quote was based on statements by the plaintiff’s lawyer, so it may be biased, but that is also the way I read LifeLock’s guarantee.