Back in 2010, identity theft protection company LifeLock entered into an $11 million settlement with federal regulators and several states regarding its use of allegedly false claims regarding the effectiveness of its services. According to those same regulators, the company has violated that agreement by continuing to make claims that fail the truth test. [More]
identity theft protection
Complaint Alleges LifeLock Violated 2010 FTC Settlement By Continuing To Make False Claims
By 7.21.15
Companies Must Refund Millions Of Dollars For Credit Card Add-On Services Customers Never Received
By 7.1.15
As a rule of thumb, if you’re a company and you charge a customer for a service or product, you’re supposed to actually provide that service or product. That apparently wasn’t a practice adhered to by two credit card add-on companies that must now pay millions of dollars in fines and refunds. [More]
Offering Credit Monitoring After A Breach Is Good PR, Not Helpful To Consumers
By 3.19.14
Whenever there’s a large credit card or data breach, the companies to which we entrusted our data rush to offer free credit report monitoring to victims. That’s very nice of them, but is it really helpful when someone has stolen your payment information? Nope, say experts. It may be helpful when other personal info is stolen, but not when it’s your credit or debit card number. [Krebs on Security] [More]
Inmate Ran $1 Million Credit Card Scam Using Cell Phone & Secret Shoppers
By 8.1.11
Armed with only an illegal cellphone and a cadre of secret shoppers, an inmate at the nation’s largest single federal prison was able to coordinate upwards of $1 million in credit card fraud in the outside world. [More]
Sony Extends Identity Theft Protection Offer For PlayStation Network Users Through july
By 7.11.11
To help calm the nerves of users whose personal information was swiped during the PlayStation Network outage, Sony offered a year of free identity theft protection through Debix’s AllClear ID PLUS program. The deadline to register was set to expire June 28, but Sony has extended it through the end of the day July 31. [More]
