United States - LifeLock Will Pay $12 Million to Settle Charges by the FTC and 35 States That Identity Theft Prevention and Data Security Claims Were False

In one of the largest FTC-state coordinated settlements on record, LifeLock Inc. has agreed to pay $11 million to the FTC and $1 million to 35 state attorneys general to settle charges that the company made false statements when promoting its identity theft protection services. Lifelock's advertisements dispalyed its CEO's Social Security number on the side of a truck and claimed that its $10-a-month service could prevent identity theft. The settlement bars deceptive claims by LifeLock and its principals.

Read the press release.