Experian Sues Lifelock, Alleges Fraud

[security curmudgeon <jericho () attrition org>]

http://redtape.msnbc.com/2008/02/experian-sues-l.html

Experian sues LifeLock, alleges fraud
Posted: Wednesday, February 20 at 04:01 pm CT by Bob Sullivan

Credit bureau Experian is suing the identity theft prevention firm 
LifeLock, accusing it of deception and fraud in its familiar advertising 
campaign, which includes a spot in which CEO Todd Davis reveals his Social 
Security number and then brags about the effectiveness of the companys 
protections.

In the lawsuit, filed in U.S. District Court on Feb. 13, Experian contends 
that LifeLock's advertising is misleading and that the firm is breaking 
federal law in the way it goes about protecting consumers.

Lifelock CEO Davis, in an interview with msnbc.com on Wednesday, called 
the lawsuit baseless and said that Experian is simply upset that his firm 
is challenging its business model.

"This lawsuit is not about helping consumers," he said. "They just want to 
make more money selling their data."

LifeLocks ubiquitous marketing campaign has been stepped up in recent 
months, Davis said, thanks to a new infusion of investments in the 
company. In January, the firm announced it had raised $25.5 million in 
funding orchestrated by Goldman Sachs Group. The advertising has 
apparently paid off: Lifelock has 700,000 customers, each paying about $10 
per month for the service.

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