En Words

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Friday, May 23, 2008

Broadcasting Dares Seems A Bad Idea

From the truth-in-advertising department: the fraud-prevention company LifeLock has for a while run a series of ads in which CEO Todd Davis announces his real social security number and says that he's protected from identity theft. It's a powerful message. Too bad it's false.

According to an AP story, two LifeLock customers are suing, claiming that the service doesn't work and that the company knew it, because it didn't even work for Davis:
Attorney David Paris said he found records of other people applying for or receiving driver's licenses at least 20 times using Davis' Social Security number, though some of the applications may have been rejected because data in them didn't match what the Social Security Administration had on file.

Davis acknowledged in an interview with The Associated Press that his stunt has led to at least 87 instances in which people have tried to steal his identity, and one succeeded: a guy in Texas who duped an online payday loan operation last year into giving him $500 using Davis' Social Security number.
And then there is his answer to AP:
"There's nothing on my actual credit report about uncollected funds, no outstanding tickets or warrants or anything," he said. "There's nothing to indicate my identity has been successfully compromised other than the one instance. I know I'm taking a slightly higher risk. But I'll take my risk for the tremendous benefit we're bringing to society and to consumers."
So much for testimonials from the interested - and the degree to which a company can actually protect your identity, which can be a lot more than trying to fill a credit application.

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