ID theft protection services provider LifeLock accused of fraud by Experian

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ID theft protection services provider LifeLock accused of fraud by Experian

02-24-2008, 12:03 PM,

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mandy Offline

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ID theft protection services provider LifeLock accused of fraud by Experian

Quote:One of the top three credit reporting services, Experian, has sued a small company that sells identity theft protection services, alleging that it engages in fraud by skirting consumer protection laws.

LifeLock charges about $10 per month to make a customer's credit data more secure by placing what is known as an "initial fraud alert" in files that are maintained by Experian and its competitors TransUnion and Equifax. These temporary reports require employees of the credit reporting bureaus to take additional steps to verify a creditor's credentials before divulging information contained in the records. According to Experian, LifeLock generates huge numbers of alerts that in many cases fraudulently assert that the customers are already victims of ID theft, or have good-faith reason to believe they are about to be victims...

full article: http://www.theregister.co.uk/2008/02/21/..._lifelock/

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