Thursday, May 24, 2007

Veteran Identity Theft Breach

Veteran Identity Theft Breach

One year ago this week it was reported that the personal information of 26.5 million veterans was stolen from the home of a Department of Veterans Affairs employee.

“This security breach is the largest reported loss of personal information so far this year,” said LifeLock CEO Todd Davis. “The information that was taken can be a gold mine for identity thieves, and a major headache for veterans who become victims."

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LifeLock does the prevention work by maintaining active fraud alerts with the three major credit bureaus as well as ChexSystems. The LifeLock Identity Prevention system makes personal information useless to everyone but the rightful owner. Anytime someone attempts to open credit, change an address or make changes to bank accounts, LifeLock ensures that the right person is making the request.

Also unique to other ID thef protection products on the market, LifeLock removes a member’s name from solicitation lists and junk mail, eliminating a primary target of ID thieves – the pre-approved credit offer. Best of all, LifeLock is backed by a $1 million guarantee to completely fix any problems if a client was ever compromised.

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“We have a lot of veterans who are currently LifeLock customers,” Davis said. “They can rest assured that no matter who has their personal information, they’ll be protected. Now we want other veterans to know they can be safe, too."

Based in Chandler, Arizona, LifeLock is the nation’s first and only preventative answer to identity theft that completely guarantees its service. The company was the first to offer special programs for children under 16 and victims of Hurricane Katrina and Rita.

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