Life Lock is the most recognizable identity theft protection company. Life Lock keeps tabs on whether anyone is pretending to be you or spending your money without consent.Identity thieves target just about anybody, and the stories are ugly. A thief stole my credit card number in 1990 and charged 0 worth of stereo equipment.The Identity Theft and Assumption Deterrence Act of 1998 (Identity Theft Act) states that ID theft has occurred when one knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law. To help in the aid of catching those who commit identity theft, the US government created something called the Consumer Sentinel Network (CSN).
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Of these, 52% were fraud complaints, 26% were identity theft complaints, and 22% were tagged as other.
So now that you have a little bit of background under your belt, let’s return to Life Lock.
Well before the invention of the Internet, identity theft was committed by assuming the identity of the deceased.
These days, identity theft has become a lot less morbid, but with hundreds of new cases reported every day, the problem is getting worse.
They currently have three membership plans with different protections.