LifeLock Identity SDSTM Service for Protection Credit Monitoring Alone Cannot Provide
LifeLock’s new Identity SDS (Search, Detect, Secure) service gives members more complete protection from identity theft in its myriad forms, not just financial ID theft or credit card fraud.
Evidence of identity theft can often be spotted on credit reports as new credit card accounts or a precipitous drop in credit score. Though that type of financial identity theft may be the kind most people are familiar with, it might not be the most damaging.
That’s why LifeLock now offers their exclusive Identity SDS as part of their Command Center suite of services — a new kind of protection that is far more complete than credit monitoring alone. Identity SDS painstakingly searches millions of private and public records sources for any evidence that members’ identifying information is being used fraudulently to acquire payday loans or evade criminal arrest and prosecution.
Credit monitoring protection is limited because not all lenders check applicants’ credit histories before making loans. For instance, payday loans are obtained by presenting some form of ID, a post-dated check and evidence of employment. Credit histories and credit scores are irrelevant so the lenders do not contact credit-reporting agencies.
LifeLock Identity SDS (Search, Detect, Secure) service searches specifically for payday loan activity associated with members’ names, birth dates and Social Security numbers. If a member’s information is detected, LifeLock issues a Payday Loan Alert and helps the member secure his identity and begin immediate remediation.
And, because stolen identities are sometimes used for purposes worse than financial crimes, so LifeLock Identity SDSTM conducts exhaustive searches of public and private records including the Internet, county court records, corrections institutions, sex offender registries and other law enforcement agencies.
When criminals use stolen identities to shield themselves from the law, their victims can end up with arrest warrants and criminal histories that are almost impossible to correct. The victims’ reputation, relationships, employment prospects and finances are profoundly impacted.
Members receive Court Records Alerts and Reports to notify them of the results of this comprehensive investigation. If evidence of identity theft is found, LifeLock helps its members begin recovery. If no evidence of a crime is revealed, the Court Records Alerts and Reports gives LifeLock members welcome assurance.
LifeLock’s new Identity SDSTM does not replace the services LifeLock members previously received; it is an addition to LifeLock’s excellent basic services including their exclusive WalletLockTM, TrueAddressTM and eReconTM.
Tags: Identity Theft, LifeLock Command Center, LifeLock Identity SDS Service
