What Does LifeLock Actually Do?

You’ve probably seen and heard the commercials. LifeLock’s CEO, Todd Davis, freely gives away his social security number on TV, radio, and on the Internet: 457-55-5462. In fact, he encourages people to spread that information because he’s confident that his company can protect himself and his customers from identity theft. But, what does LifeLock actually do for people?

Identity theft is a growing crime and concern. Every year in the United States alone, over 9 million people are affected by this activity. Hackers and scammers are finding new ways to steal personal financial information and siphon funds from other people’s bank accounts. Every time banks enhance security measures to help prevent this form occurring, a hacker finds a new way around the firewalls.

Unfortunately for consumers, it’s far too easy to fall into one of these traps. If a person’s computer gets infected by a virus or other malware, then there’s a good chance that hackers will have access to that person’s password. With an email password, it’s dead simple to find out what bank they use, and then the hacker can reset the bank password and obtain all the financial information he or she desires.

Before the victim knows it, their identity has been stolen, and their bank account has been drained. This is where LifeLock comes in.

Benefits of LifeLock

One of LifeLock’s greatest benefits is that they monitor hundreds, if not thousands, of criminal websites where financial data is bought, sold, or traded every day. Scammers can purchase dumps of credit card numbers, names, addresses, and whatever other data can be correlated. This data is then tested using automated programs to attempt to crack into email accounts and banks. LifeLock has developed a system to detect when its clients’ data is accessed in this way. If it happens, then the client is informed immediately in order to prevent further damage.

Another LifeLock feature is that they monitor each customer’s bank and credit accounts as well as public records. Whenever a transaction appears which is suspicious, customers are notified quickly and holds are placed on their accounts. This prevents the identity-stealing criminals from continuing with their financial siphon.

If you are considering signing up for this identity fraud protection service, you should check out this detailed review of LifeLock for an even more in-depth look into the services provided. Also, to save you some money on the service, be sure to apply this LifeLock promo code. There are other identity fraud prevention services, but LifeLock is consistently rated as one of the best in the industry.

Posted by : Jason Molnar, Founder and Creative Director of StartProducingWealth.com