ID theft protector gets taken to the cleaners

This is funny. Not really. On second thought, yeah, it is. Is that a toilet I hear flushing?

 

LifeLock CEO’s Identity Stolen 13 Times

Wowzer. But it gets better.

The company was fined $12 million in March by the Federal Trade Commission for deceptive advertising.

Lifelock promised in ads that its $10 monthly service would protect consumers from identity theft. The company also offered a $1 million guarantee to compensate customers for losses incurred if they became a victim after signing up for the service. The FTC called the claims bogus and accused LifeLock of operating a scam.

“In truth, the protection they provided left such a large hole … that you could drive that truck through it,” said FTC Chairman Jon Leibowitz, referring to a LifeLock TV ad showing a truck painted with Davis’s Social Security number driving around city streets.

Davis’ history as an identity-theft victim would seem to call into question the company’s ability to protect consumers from a similar fate.

Yeah. Pretty much.