Life Lock Promises? To get your Idenity stolen.....Todd Davis' did!

This is why it is so important to have your identity, and your families identity FULLY MONITORED and PROTECTED! 

SAN JOSE, California (AP) -- Todd Davis has dared criminals for two years to try stealing his identity: Ads for his fraud-prevention company, LifeLock, even offer his Social Security number next to his smiling mug.

Now, LifeLock customers in Maryland, New Jersey and West Virginia are suing Davis, claiming his service didn't work as promised and he knew it wouldn't, because the service had failed even him.

Attorney David Paris said he found records of other people applying for or receiving driver's licenses at least 20 times using Davis' Social Security number, though some of the applications may have been rejected because data in them didn't match what the Social Security Administration had on file.

Davis acknowledged in an interview with The Associated Press that his stunt has led to at least 87 instances in which people have tried to steal his identity, and one succeeded: a guy in Texas who duped an online payday loan operation last year into giving him $500 using Davis' Social Security number.

Paris said the fact Davis' records were compromised at all supports the claim that Tempe, Arizona-based LifeLock doesn't provide the comprehensive protection its advertisements say it does.

"It's further evidence of the ineffectiveness of the services that LifeLock advertises," said Paris, who is lead attorney on the three new lawsuits, the latest of which was filed this month.

Davis learned about the fraud in Texas when the payday-loan outfit called to collect on the loan, he said. He didn't get an alert beforehand because the company didn't go through one of the three major credit bureaus before approving the transaction

Davis said it's possible driver's licenses have been issued to other people in his name because of the widespread availability of his personal information -- and because of what he described as the flimsy mechanisms in place to report that kind of fraud.

Paris noted that LifeLock charges $10 a month to set fraud alerts with credit bureaus, even though consumers can do it themselves for free.

But Davis stands by his company and his advertising gimmick, which has appeared in newspapers and on billboards, radio and MTV. He even broadcasts it by bullhorn on walking tours through crowded downtowns.

"There's nothing on my actual credit report about uncollected funds, no outstanding tickets or warrants or anything," he said. "There's nothing to indicate my identityhas been successfully compromised other than the one instance. I know I'm taking a slightly higher risk. But I'll take my risk for the tremendous benefit we're bringing to society and to consumers."

The lawsuits, for which Paris is seeking class-action status, highlight the fundamental limits on how much security identity-theft companies can provide.

Companies like LifeLock can help guard against only certain types of financial fraud by helping consumers set up alerts with credit bureaus, which inform them when someone tries to open a new line of credit or boost their credit limit to finance a buying binge, for example.

The services don't guard against many types of identity theft such as use of a stolen Social Security number on a job application or for medical services, or even the instance of an arrestee giving police a stolen Social Security number to shield his own identity.

LifeLock is also being sued in Arizona over its $1 million service guarantee, which the plaintiffs claim is misleading because it only covers a defect in LifeLock's service, and in California by the Experian credit bureau. Experian accuses LifeLock of deceiving consumers about the breadth of its protection and abusing the system for attaching fraud alerts to credit reports.

Security experts say complaints about the company reinforce the time-honored wisdom of keeping your Social Security number secret.

"There's been a lot of marketing, a lot of hype about LifeLock," said Paul Stephens, director of policy and advocacy with the Privacy Rights Clearinghouse, a nonprofit consumer advocacy organization. "The question is, 'How much protection does it really buy you?"'

"There is no company that can guarantee they can protect you (completely) against identity theft," Stephens said. "Absolutely nobody can do that."

(http://www.cnn.com)
Don't be fooled by the misleading
ads and false promises for
preventing Identity Theft!

Here's what you really need to know.
(Read on)

The Biggest Misconceptions about Identity Theft:

There is a lot of misinformation floating around these days about protecting yourself from identity theft.  Here’s a reality check:

Can you actually PREVENT identity theft? NO!
There are some things you can do to keep thieves from stealing your personal information from your home, your garbage, your computer, etc.  (For example – be sure you shred all your bills and other papers with personal information.) 

The reality is that identity thieves can find your personal information in many places (as shown above) that are out of your control.  So while you can’t actually prevent your identity from getting stolen, you can protect yourself against the devastating consequences of identity theft.  This is why you need true identity theft protection with iDefend.

Credit fraud is only ONE TYPE of identity theft.
In fact, 67% of identity theft cases involve criminal fraud in other areas besidesloans, credit cards, etc.  While having loans or credit taken out in your name is a serious problem, most identity theft cases (true identity theft) are discovered in areas like:

• Medical benefits fraud
• Tax fraud
• Checking accounts
• Criminal records
• Bankruptcy
• 401k theft
• Social security benefits fraud
• And more…

 Credit Monitoring is NOT identity theft protection.
Credit fraud is just the tip of the iceberg.  Credit monitoring does nothing to prevent identity theft.  If that’s all you monitor, you are missing the most important keys to catching identity theft early onbefore it becomes a massive problem for you.  You need to monitor every potential area besides your credit if you want to catch the thief early on.

• Credit reports are just snapshots of only one of the forms of identity theft.
• The information you see on your credit report is 60 – 90 days late.  By the time you see anything suspicious on your credit report, the thief has already become you.
• Many lenders or creditors do not report to the credit bureaus!  Thieves know how to work the system.

Placing fraud alerts on your credit does NOT work.
Placing a fraud alert on your credit to "lock" it down – doesn’t work!  Believe it or not, up to 50% of the time credit is still issued to the thief.  This is because much of the time, creditors don’t check credit records before issuing credit!  If you have good credit already with a company they may just issue an additional credit line without consulting your credit report.

Thieves play the odds knowing that in many cases they’ll get approved for credit in your name even though you might have placed a fraud alert on your credit.

Repeat identity theft happens.
Only 1 in 700 identity thieves are ever caught.  If the thief is not caught – chances are that they will come back and use your identity again at a later time.

With iDefend, we coordinate with law enforcement agenciesin an effort to track down and prosecute the identity thief.  This is critical to preventing repeat identity thefts.  By giving law enforcement an upper hand, we are able to help catch 1 in 20 identity thieves!  We don’t just monitor and restore identities, we actually assist the police, district attorney’s, etc. to find and put identity thieves behind bars.

Get true identity protection.

Simplifying Lives and Securing Futures!

Jennifer Sasser