ID theft protection services provider LifeLock accused of fraud by Experian

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

ID theft protection services provider LifeLock accused of fraud by Experian

02-24-2008, 12:03 PM,

Post: #1

mandy Offline

Administrator

Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0

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/

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Should Companies Share Criminal Blame In Identity Theft Caused By Data Beaches?	mandy	1	3,316	08-26-2008, 07:16 PM Last Post: BellisimaJ.
	The Cost of ID Theft	mandy	0	3,103	02-07-2008, 12:15 PM Last Post: mandy
	22,000 at risk of identity theft after University of Missouri data breach	mandy	0	2,297	05-09-2007, 11:29 AM Last Post: mandy
	Waiters in 40 restaurants indicted in $3 million credit card fraud scheme	mandy	3	3,086	04-23-2007, 06:44 PM Last Post: regic
	Research on synthetic identity fraud shows impact on ecommerce	Kristijntje	0	2,015	04-14-2007, 10:12 AM Last Post: Kristijntje
	Data Privacy and Protection: the impact of Identity Theft on Customer Trust	mandy	1	2,837	08-04-2006, 11:21 AM Last Post: xppman
	UK Banks mull making customers liable for Identity Theft	mandy	1	2,524	07-17-2006, 08:33 PM Last Post: regic
	Interview with an Idiot who says Identity Theft is an Addiction ROTFLMFAO	mandy	9	5,271	07-07-2006, 08:12 AM Last Post: misteroriginal
	Porn Luvin' Oregon Taxman Downloads Trojan, Puts Taxpayers at Risk of ID Theft	mandy	0	2,485	06-15-2006, 08:38 AM Last Post: mandy
	New Study Indicates Online Bill Payers Have Lower Risk of Identity Theft	Kristijntje	0	2,223	05-28-2006, 11:09 AM Last Post: Kristijntje

Forum Jump:

Users browsing this thread: 1 Guest(s)