Identity Theft
What happens when you post your SSN on your commercials?
Todd Davis has dared criminals for two years to try stealing his identity in advertisements for his fraud-prevention company, LifeLock. In addition, he even offer his Social Security number next to his smiling mug.
LifeLock customers in in several states are suing Davis, arguing his service did not work as promised and he knew it would not because the service did not protect even him. 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 did not match what the Social Security Administration had on file.
Companies like LifeLock can help guard against only certain types of financial fraud by setting up alerts with credit bureaus, which inform them when someone tries to open a new line of credit or boost their credit limit.
The services do not guard against many types of identity theft such as use of a stolen Social Security number on a job application or for medical services, or even the instance of an arrestee giving police a stolen Social Security number to shield his own identity.
Identity protection companies are acting like the mafia, asking you to pay them for protection. Here is all you need to know about identity theft.
Labels: credit report, identity theft
Posted By: Joe on Monday, May 26, 2008
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