LifeLock pays $100M to settle FTC complaint of more false advertising

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The U.S. Federal Trade Commission (FTC) yesterday announced that the anti-identity-theft company LifeLock will pay a record $100 million to settle a contempt complaint that originated with a court order of five years ago.

Arizona-based LifeLock, which purports to protect consumers from identity theft — and help them regain it if stolen — was once best known for its aggressive advertising, which splashed its CEO’s Social Security number everywhere and dared hackers to steal his identity.

To learn more about the settlement click here.

FTC shuts down “card member services” robocallers

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A massive robocall campaign designed to trick people into paying for worthless credit card interest rate reduction programs has been shut down by a Federal Court at the behest of the Federal Trade Commission and the Florida Attorney General.
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The court order stops the illegal calls, many of which targeted seniors and claimed to be from “credit card services” and “card member services.” The defendants charged consumers up to $4,999 for their non-existent services, the FTC stated.

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