LifeLock

Security.org TeamOct 3, 2019

LifeLock is the type of tool that is aggressive. It says a consumer is struck by identity theft every two seconds in he country and that half of consumers have had a data breach at some point. The company’s services include scanning records, alerting of changes, defending against theft, and then resolving problems if they occur. A comprehensive and full solution, LifeLock is one of the largest names in the identity theft industry.

Features

LifeLock offers a variety of solutions for most people. Take a look at some of the key features of the system and what you can expect if you buy it.

Personal Expense Compensation

If there is a security breach, LifeLock works to cover your expenses in restoring your identity. This is typically very important since costs can be significant in many situations. There are three plan options. The coverage ranges in value based on each plan.

Reimbursement of Stolen Funds

In some situations, it can help to restore or reimburse money from stolen funds. Again, the amount is dependent on the plan selected.

App

The company provides a full app that makes it easy to manage its account features. The app is free to use and available for both Android and iOS phones. It allows for alerts to be sent right to your phone.

24/7 Support

There is no doubt that when an identity theft or breach occurs, you want fast help. With LifeLock, support is available 24-hours a day. The company employs well-trained professionals that can assist in providing steps to take and information on what to do to restore protection.

Alerts

At the heart of this tool is a variety of alerts. Alerts are sent as soon as something trips them, such as someone using your personal information to open an account. You can control the type of alerts you get. However, all plans offer Social Security Number alerts. They also offer credit alerts if your accounts are used outside of what is considered normal.

Restoration Team in the U.S.

LifeLock uses a U.S.-based restoration team. They are available 24/7. This can provide you with confidence knowing that you are speaking to someone in the U.S. who can help you quickly to get the information and support you need.

Address Change Verification

Some of the plans offer United States Postal Service address change verification. If someone tries to change your address as a method for intercepting your mail, this component of your monitoring service catches it. It helps to spot new addresses that people are using associated with your name or other personal identification information.

Key Monitoring Features

Monitoring at LifeLock is quite comprehensive and offers a variety of specific protections. It includes dark web monitoring, which aims to pinpoint your information being sold on the dark web, or hidden area of the internet. It also includes fictitious identity monitoring, such as someone using your ID for opening accounts. LifeLock Privacy Monitor gives you some control over the type of information you want exposed to others and alerts you to changes to that.

Also, note that LifeLock’s most advanced plan also provides 401k and investment activity monitoring, sex offender registry monitoring, and bank account takeover or new accounts opened in your name. It monitors for this then works with you to fix any concerns if they occur.

Data Breach Notifications

Data breaches occur through retailers, government websites, and numerous others who maintain your personal information. When a company reports a data breach, that information is gathered and, if your name is on it, LifeLock alerts you to this. It may also tell you to change your passwords or to monitor your accounts for any additional changes.

Credit Monitoring

Credit monitoring is important because it impacts your financial stability. LifeLock offers credit monitoring from one bureau through both its LifeLock Standard and LifeLock Advantage plans. If you want more advanced reporting, purchase the LifeLock Unlimited Plus plan. This offers credit monitoring for all three of the credit bureaus. It also includes annual credit reports and credit scores for all three organizations. This more advanced account also includes monthly credit score tracking for one bureau to see where your credit score is trending.

Costs

With three plan offerings, consumers can choose what works best for their needs. The most advanced plan is the only one to offer credit monitoring, which tends to make it the most desirable for consumers.

PlanCostReimbursement AmountsCoverage
LifeLock Standard$9.99 per month$25,000 for stolen funds

$25,000 for personal expense compensation

Up to $1 million for lawyers and expert costs

SSN and credit alerts
LifeLock Advantage$19.99 per month$100,000 for stolen funds

$100,000 for personal expense compensation

Up to $1 million for lawyers and expert costs

SSN and credit alerts

Bank and credit card activity alerts

Alerts on crimes

LifeLock Unlimited Plus$29.99 a monthUp to $1 million for stolen funds

Up to $1 million for personal expense compensation

Up to $1 million for lawyers and expert costs

SSN and credit alerts

Bank and credit card activity alerts

Alerts on crimes

Annual 3 credit bureau reports

Annual credit bureau scores

401K and investment activity alerts

Summary

LifeLock provides a wide range of advanced features for monitoring your identity and your credit. Depending on which of the plans you decide to purchase, you can obtain comprehensive, ongoing monitoring and alerts for the biggest threats impacting most people. It’s important to remember that LifeLock does not prevent this from happening, though it does work well to educate you and to prevent your data from being exposed.

Yet, the most important feature offered by LifeLock is the hard work of its team to help if there is a violation. They work closely with you to determine what happened and the extent of the breach. They then work to help you to restore your identity and to close off accounts that were opened inappropriately. The accounts are restored and, if you have lost any money in the process of restoring your credit, there is comprehensive coverage available to help pay for your losses. Read our full LifeLock review here to learn more about their identity theft protection offering.