LifeLock Introduces Identity and 401(k) Theft Protection for the Workplace
10 Juni 2015 - 3:00PM
Business Wire
New Product Offers Enhanced Protection
Exclusively Through the Benefits Channel
LifeLock, Inc. (NYSE:LOCK), an industry leader in proactive
identity theft protection, today announced its newest product,
LifeLock Benefit Elite™ identity theft protection, created
specifically for employers and brokers to offer as a benefit for
employees. With easy enrollment and convenient payroll deduction,
this new product will be available for employees at a competitive
price.
LifeLock Benefit Elite™ protection is aimed squarely at what
matters to employees – helping protect their identities and helping
protect their nest eggs. While most employees have a 401(k), many
may set it and forget it – which means they could miss important
cues that may indicate potential fraud. LifeLock Benefit Elite
protection helps detect potential fraud and brings it to the
attention of employees through alerts within the company’s network
via email, text or phone. The company’s network, however, does not
cover all transactions.
“I can think of few things more important to protect than life
savings,” said Todd Davis, CEO of LifeLock. “That’s why we’re
putting a huge emphasis on helping employers and brokers offer this
critical service, including providing visibility into potentially
fraudulent activity with employees’ retirement accounts.”
Available only through employers, LifeLock Benefit Elite
protection helps protect 401(k) and other investment accounts from
fraudulent withdrawals and balance transfers. LifeLock also
searches over a trillion data points every day for potential
threats to its members’ personal identity, including suspicious
uses of name, address, phone number, birth date, and Social
Security number to obtain loans, credit and services, or to commit
crimes.
If an employee becomes a victim of identity theft while a
LifeLock member, LifeLock will spend up to $1 million to hire the
necessary lawyers, accountants and investigators to help with
recovery. The benefits under the Service Guarantee are provided
under a Master Insurance Policy underwritten by State National
Insurance Company. As this is only a summary policy the terms and
restrictions can be found at LifeLock.com/legal.
Since 2008, LifeLock has been offering its identity theft
protection products to employers with employee benefit payroll
deduction. With LifeLock Benefit Elite protection, LifeLock will
offer an even better way for organizations to address the needs of
their employees and for brokers to stay relevant to their
clients.
In 2014 losses from identity fraudsters was $16 billion, and
there were 12.7 million U.S. consumer victims of identity fraud,
according to a study by Javelin Strategy & Research. With a new
identity fraud victim every two seconds, identity theft can be a
problem for many consumers.
About LifeLock
LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive
identity theft protection services for consumers and consumer risk
management services for enterprises. LifeLock’s threat detection,
proactive identity alerts, and remediation services help provide
peace of mind for consumers amid the growing threat of identity
theft. Leveraging unique data, science and patented technology from
ID Analytics, Inc., a wholly-owned subsidiary, LifeLock offers
identity theft protection that goes significantly beyond credit
monitoring. As part of its commitment to help fight identity theft,
LifeLock works to train law enforcement and partners with a variety
of non-profit organizations to help consumers establish positive
habits to combat this threat.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150610005323/en/
LifeLockBecca Youngs, 480-427-2170media@lifelock.com
Lifelock, Inc. (delisted) (NYSE:LOCK)
Historical Stock Chart
Von Jul 2024 bis Aug 2024
Lifelock, Inc. (delisted) (NYSE:LOCK)
Historical Stock Chart
Von Aug 2023 bis Aug 2024