Will Lifelock's CEO Get To Be A Part Of The Class Action Lawsuit Against Lifelock?
from the he-could-qualify dept
You may recall the story of Lifelock, the company that heavily advertises its service which charges you $10/month to get services that you can get on your own for free from credit agencies. This is the one where the CEO gives out his Social Security number in every advertisement to show how confident he is in the service. Of course, what he leaves out is that Lifelock failed to stop identity fraud carried out against him (oops). Oh yeah, also the stuff about how the company's founder was being investigated for fraud (and potential identity fraud) at a previous company.
So, it should come as little surprise that some customers of Lifelock aren't particularly pleased with the company and have filed a class action lawsuit against the company, claiming deceptive advertising, and noting that it doesn't really provide much security. One additional nugget of information: the identity fraud against the CEO that we mentioned earlier is just the tip of the iceberg. The CEO's social security number is apparently now widely in use among identity scammers. Well, maybe he'll get some money out of the class action lawsuit, since it appears that he was misled by his own advertising...
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by Hoeppner on May 2nd, 2008 @ 7:17am
classic.
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Karma is a bitch by James on May 2nd, 2008 @ 7:33am
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LifeLock Lawsuit by Richard Sweats on May 2nd, 2008 @ 7:39am
WOW
My company is working with this guy to align him with online banking services! Well I guess that marriage won't be consummated anytime soon!
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by Anonymous Coward on May 2nd, 2008 @ 7:41am
ha ha ha ha ha ha ha
Ha Ha Ha Ha Ha Ha Ha
HA HA HA HA HA HA HA
I'm rolling!!!!!!!
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^ AH hA by Mike on May 2nd, 2008 @ 7:48am
Ok now this is pretty funny. I wonder how many credit cards this guy now has in his name rofl.
Tards!
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Funny thing is.... by Anonymous Coward on May 2nd, 2008 @ 7:50am
....the SS# is still post on their website. And they are still allow people to subscribe to potential fraud.
Too funny.
I was thinking about it but decided to wait a while and see how it went. Where there is a will there is a way.
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The free services by Ryan on May 2nd, 2008 @ 8:15am
This is exactly why we launched freeIDENTITYprotect - to allow customers to easily access the free identity and credit services offered by the bureaus - for free.
freeIDENTITYprotect.com walks you through filling out the services and remembers when it's time for you to order another credit report or re-set your fraud alerts - without charging.
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by bored on May 2nd, 2008 @ 8:26am
LMAO...............AssHat!
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Free service to California residents by anne on May 2nd, 2008 @ 9:19am
By the way, if you live in the state of California, you can request a 'credit freeze' from all three credit bureaus. Flat rate of $10 each and I think the freeze lasts 5 years.
It's a minor PITA, as you have to pay a fee to unlock a credit bureau report whenever you want to apply for credit or a credit line increase. The identity thieves have a harder time trying to steal your identity if they can't see your credit report, and it's also good for people who have legitimate (or illegitimate) worries about privacy.
Exception - current and recent companies who you have credit with can access your reports, so it's not a free ride for the deadbeat.
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Poetic Justice by barren waste on May 2nd, 2008 @ 9:21am
What more can I say. The scam man being scammed by his own company, which is then sued by all those scammed, including the front man. I love it. I wonder when the movie is coming out and who the hero will be?
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Wrong Info by Bad Info on May 2nd, 2008 @ 9:26am
There's so much bad info in this post it isn't funny, and I know as a member of LifeLock.
One, Lifelock's service go beyond things you can do yourself. They have bot programs that scour the internet for my information being sold on the black market (I don't know how to operate or create a bot program), they check for change of address forms filed in my name (I don't have the time to go through the 45 million change of address forms filed each year), and other services.
And yes, I can also change my oil, do my dry cleaning, wash my car myself, but I pay others to do it for convenience, just as I pay LifeLock.
The company's "founder" has been excused long, long ago.
The CEO's identity has been stolen once according to media reports, on a quick payday loan for $500 and there have been tens of thousands of attempts.
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Whoop! Whoop! lifelock PR Spin in full effect! by That Guy on May 2nd, 2008 @ 9:37am
Captain, I see the BS-o-meter is rising. It appears that a Life lock employee is on damage control.
Set phasers to Crispy!
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It was only a matter of time.... by lmr2020 on May 2nd, 2008 @ 9:37am
before this scam was exposed. Very interesting...
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by Isn't That the Point? on May 2nd, 2008 @ 9:41am
So the guy gives out his social security number on millions of advertisements a year, one guy steals it, and its cleaned up with no hassle and he continues to give it out.
Isn't that the whole point of the service? If your identity is stolen, they clean it up for you, which they did obviously at no adverse affect to the CEO.
I'm sure thousands of people try to steal his number each day as it is posted everywhere and on TV and radio. To me, it shows the service does work. They found it and resolved it, and I know, or hope, my SS# would be never nearly exposed as his is.
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by nipseyrussell on May 2nd, 2008 @ 9:46am
you can do your own dry cleaning? bravo
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Re: by Chronno S. Trigger on May 2nd, 2008 @ 10:03am
according to the linked to article, he presently has 20 or so people using his identity, as in right now.
Funny thing is, my dad was talking to me about this a little while ago. He was wondering how they could possibly do anything like they say (he works a lot with credit checks). I guess they really can't.
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not lifelock by Ryan on May 2nd, 2008 @ 10:20am
sorry, when I said "we" in the "freeidentityprotect" post, we're NOT lifelock. Just wanted to clear that up.
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Good job on information security by Sajon on May 2nd, 2008 @ 10:31am
Without putting things in perspective it is easy to laugh at this scenario...however.
If 1/100 of 1% of the population attempted to assume Todd Davis' identity or gain access to his funds this would equate to around 28,000 people doing what they could to gain access to his funds. Very secure if you ask me as those willing to give it a go know what they are doing.
How many network security gurus could guarantee nobody would get into there network after providing the nation with a network IP address. I work in network security and I am very happy I do not have 28,000 people dedicated to breaking into my network even absent my broadcasting critical information on national television.
I am not sure about the other aspects of the company and the legitimacy of suits filed against them but from an information security perspective a single successful attempt on a security number which was broadcast is an exceptional accomplishment.
(No affiliation with LifeLock of course)
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by Robert Jones on May 2nd, 2008 @ 10:54am
Ok, check this out...Go to Google and search on "lifelock class action" (without quotes). Notice that the first result is the LifeLock enrollment form. Seems strange. After clicking the link, do a search on the page for "class action". You will see that DEEP in the fine print it says:
"...you also agree that you will not participate in any way in any class action in connection with any such dispute, controversy or claim, either as a class representative plaintiff or as a member of a putative class."
So, you are now waiving your rights to join any class action suit if you sign up.
Too funny!
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Plagurism/Facts by Sajon on May 2nd, 2008 @ 11:06am
I found the "I can change my own oil" comment was originally uttered by Todd Davis himself in an article by greg wilson of Daily News titled: LifeLock CEO Todd Davis has his own name, ID on the line.
"Davis acknowledged consumers could take the same steps themselves, but points out that people can change their own oil, too. At $10 a month, LifeLock figures customers will prefer to let it handle the paperwork."
So it appears it is valid to say all things accomplished by Lifelock could be done by individuals if they prefer not to shell out $10.00 a month.
Additionally there seems to be some skewing of the numbers by Lifelock. Lifelock advertises the rate of identity theft at 1 in 5 or 20%.
According to Javelin Strategy & Research Survey - February 2007
Survey findings Include:
8.4 million cases or 3% of population in 2007.
Total one year fraud amount: $49.3 billion in 2007.
The mean fraud amount: $5,720 in 2007.
The mean resolution time was 25 hours per victim.
If I were a lottery playing man I like those odds, but a garunteed loss of $10.00 per month based on a 3% (and declining)chance of someone successfully getting an average of $5,720 of my dollars(which I can get back after some work) I just can not justify the expense.
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its very simple by Mikey Boy on May 2nd, 2008 @ 11:38am
I am a lifelock customer too.
If anyone is too stupid to pay atention to what you get from them then its their problem. I'm tired of idiots always blaming someone else becasue they are too lazy or stupid to read up and educate themselves, read the FAQ's and fine print.
First, I agree...I think him giving out his SSN was stupid. Why invite a problem? Biut it was an effective marketing tool, but I still wouldn't have used it.
Second, like a previous poster mentioned. YES you can do a LOT of what they do for free, and they tell you that in their FAQ (if you read it). So you know what? Go and do it! I'd rather continue to bill out at $120 per hour and let someone else do all that work for $10 a month. Its a judgement call and they provide a service. I could probably paint my house too, but I'd rather not. I'll pay a professional.
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Re: Plagurism/Facts by Mikey Boy on May 2nd, 2008 @ 11:41am
Your analysis is fundamentally flawed. If you are in the statistics business get out, if you’re not, don’t choose it as a career.
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Re: Re: Plagurism/Facts by Mikey Boy on May 2nd, 2008 @ 11:45am
BTW....my wife’s identity was stolen before we were married and.....let me tell you....its a HELL you never want to go through. If I had to put a dollar amount on it, it would be WELL over your flawed figure of $5,270. If I could have paid that to make it all go away I would have gladly done so. The actual cost and the cost of aggravation was probably tens of thousands. I speak from actual experience.
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by LifeLock Employee or Debix Employee? on May 2nd, 2008 @ 12:08pm
This is comical.
Why is everyone who agrees with a businesses on a forum/message board always an employee of said company? It would probably take a PR staff of thousands to do such a thing. Is everyone who posts bad things about a company one of their competitors? No, for the same reason.
Anyways, I pay for the service for convenience. I haven't had my ID stolen. Maybe I'm paranoid, but I do know people who have had their IDs stolen and while they got the $$ back, they spent literally dozens of hours and much hassle trying to do it. I really don't care what past founders or whatever did. I know I can do some, not all as a previous poster mentioned, of LifeLock's stuff for myself, but I don't want to take the time, plain and simple.
I hope we get updates on these lawsuits to see what the courts and law has to say. I'm sure if they are dismissed or thrown out, we wont' hear a peep of it because lawyers PR teams won't publish that.
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Re: Re: Re: Plagurism/Facts by Katie on May 2nd, 2008 @ 12:31pm
How many years ago was this? Identity theft is easily solved today, and as the (correct) analysis you're replying to points out, the rate is on decline. It has been for some time, in fact. The claim that ID theft is "on the rise" is based on data gathered up to 2001 when the slope went negative.
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Re: Re: Re: Re: Plagurism/Facts by Mikey Boy on May 3rd, 2008 @ 11:05am
your joking me right? easily solved? are you talking from experience or out of you arse?
I'm not even going to respond further you are obviously an idiot.
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LifeLock vs LockDown by LockdownMyID.com on May 7th, 2008 @ 8:21pm
LockDownMyID.com doesn't ask you for power of attorney.
LifeLock Does!
LockDownMyID.com is web based and an affiliate driven business that shares 50% of the monthly subscription.
LifeLock ISN'T and DOESN'T!
LockDownMyID.com has Fraud Alert call forwarding
LifeLock DOESN'T!
LockDownMyID offers members REAL identity theft insurance
LifeLock has a guarantee!
LOCKDOWNMYID.COM
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Re: by L.T. on Jun 7th, 2008 @ 2:12pm
Clauses like that can be overturned or ignored in a court setting sometimes, depending upon the situation, so eh... a company's attempt to excuse themselves from responsibility in such ways - which most companies do, if you read their contracts - is really only so effective. Basically it prevents people who look at it and go 'Oh, I guess that's it, then' from doing anything about it.
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by Samiullah on Jun 20th, 2008 @ 11:02pm
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