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LifeLock fraud alerts barred by Experian settlement

Posted on October 22, 2009 by Dissent

Patrick O’Grady reports:

LifeLock Inc. and Experian Information Solutions Inc. have settled their lawsuit, and the agreement permanently blocks the original process LifeLock used to protect its clients.

The settlement, submitted to U.S. District Court Judge Andrew Guilford earlier this week, was sealed except for the portions about the identity theft protection company being banned from placing fraud alerts with credit reporting bureaus.

LifeLock CEO Todd Davis said the settlement was a positive step, and the company already has completed a transition to place its customers on a new system.

Experian officials said the settlement achieved their goal of banning the use of fraud alerts by third parties, which the reporting agency maintained was a violation of the Fair Credit Reporting Act. Experian filed the lawsuit against LifeLock in 2008.

Read more in the Phoenix Business Journal.

Related posts:

  • LifeLock Will Pay $12 Million to Settle Charges by the FTC and 35 States That Identity Theft Prevention and Data Security Claims Were False
  • FTC Takes Action Against LifeLock for Alleged Violations of 2010 Order
  • EXCLUSIVE: U.S. Info Search is responsible for notifying victims of breach, not us – Experian
  • Idaho man who hacked medical entities and made vile threats sentenced to 10 years in prison (1)
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