Money Plan SOS

Money Plan SOS


sos068 LifeLock ID Theft Protection and Credit Monitoring

July 20, 2012

Tami Nealy is a Senior Director of Corporate Communications with LifeLock.com, a company that monitors your information for signs that your identity may have been compromised and offers some solutions on how they can help victims.
Your identity is your name and any other unique identifier
Examples are:

Name and Social Security number
Name and date of birth
Name and address

The 5 Points of Protection in a LifeLock membership

Monitoring: LifeLock looks for applications for credit and asks you to verifiy if they were opened by you
Scanning: LifeLock scans websites, including sites that sell people's personal information, to see if your information is out there
Responding: Their resolution team works with you to resolve any ID theft issues.
Guarantee: LifeLock pays for legal fees and certain expenses in resolving you ID theft problems
Tracking your credit score: Another thing LifeLock monitors to detect if identity theft is occurring

What LifeLock costs

LifeLock (basic): $10 a month or $110 annually per person
LifeLock Ultimate: $25 a month or $275 annually per person
LifeLock for Minors: $2.50 per month or $25 annually per child

Top 3 things to do to protect your identity before going on vacation

Inform your credit card companies that you will be going on vacation so they do not shut down you card by accident and they can contact you if any charges show up elsewhere.
Do not announce that you are on vacation before or during vacation away from home.
Be careful when using open wi-fi access points such as restaurants and hotels.

Educating consumers and law enforcement
LifeLock also has a partnership with the FBI Law Enforcement Executive Development Association (FBILEETA.org) to offer education to law enforcement officials with the goal to create tips and recommendations that educate consumers to prevent identity theft or to work more closely with law enforcement to capture those identity thieves.
How to check your credit report for free
http://youtu.be/R0iwXPAol_U