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LifeLock

 


What is LifeLock?

LifeLock is the nation’s first and only proactive identity theft solution designed to prevent crimes before they occur. Their service guarantees the client will not have their identity stolen and is backed by a $1 million guarantee from Lloyds of London.

Identity theft has become the fastest growing crime in American. Over 10 million people
will become victims of identity theft this year costing individuals in excess of $5 billion.
Identity theft can exert a big drag on productivity if you spend time at work trying to put
their good names and financial records back in order - not to mention the stress and
distractions from having accounts tampered with and personal information violated. The
Federal Trade Commission shows on average it takes an individual 177 hours and
$1,400 to clear their name as an identity theft victim.

LifeLocks programs are designed to be flexible for you and your family, offing either monthly
or annual payments. You can also cancel at any time.

In addition to LifeLocks guarantee they provide you:

  • Free annual credit reports
  • Drastic reduction in junk mail
  • Help desk when applying for credit to expedite the process
  • Stop pre-approved credit offers

Here as some Identity Theft Statistics

  • 10 million Americans will be a victim of identity theft this year.
  • 26 Times More Likely To Be A Victim Of ID Theft Than A Violent Crime
  • 1,826 Times More Likely Than To Be Murdered
  • 21 Times More Likely Than To Have Your Home Burglarized
  • 2 Times More Likely Than Being In an Auto Accident
  • 13 Times More Likely Than Being Divorced
  • 19 percent of consumers report that financial information, including a bank or credit card number, has been misused.
  • 14 percent say they've had personal information such as a Social Security number or birth certificate taken.
  • Identity theft prime targets are college graduates, those with annual household income of $75,000 or more, people residing in the West, and Americans between the age of 30 and 49.
  • Identity theft hits 1 in 4 U.S. households
  • Loss to businesses in the U.S. exceeds $50 billion annually due to identity theft
  • On average, identity theft victims spend 175 hours of their personal time and $800 to clear their names
  • On average it takes victims 14-16 months to clear their name
  • One in six Americans (17 percent) say they’ve had financial information stolen (bank or credit card number)
  • Three in four consumers (75 percent) agree that they would take more steps to avoid being a victim of identity theft if they knew what to do.
  • Four in ten consumers (43 percent) think it is unlikely they will be victims of identity theft.
  • One in three consumer (33 percent) think there is nothing they can really do to prevent identity theft.

Source: Federal Trade Commission, The Gallop Organization poll, Consumer Sentinel and Identity Theft Data Clearinghouse