Wednesday, 10 March 2020
US company Lifelock which capitalised on people's fears about identity theft have been branded a scam by the Federal Trade Commission and ordered to pay back $12 million back to its customers. The company promised to protect clients from fraudsters by placing alerts with financial companies. The best bit was CEO Todd Davis use of his social security number in advertising campaigns to prove his confidence in the service. It turns out someone used it to take out a $500 loan in his name in 2007. Read the story here on Wired. I suppose it's another version of the investigator who offers to get your cash back from a 419er for a fee.