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02/14/14 - $22.85
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05/20/14 - $10.48
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lifelock inc (LOCK) Details

LifeLock, Inc. provides identity theft protection services for consumers; and fraud and risk solutions for enterprises in the United States. It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk and authentication information about consumers. The company offers LifeLock Identity Alert system, which provides its members with notifications and alerts, including real-time alerts and a response system for identity threats via text message, phone call, or e-mail; basic LifeLock, LifeLock Command Center, LifeLock Junior, and premium LifeLock Ultimate services; and ID Score, an identity risk service that delivers on-demand assessment of the risk of an individual at account opening and throughout the customer lifecycle. As of December 31, 2013, the company served approximately 3.0 million paying members; and 250 enterprise customers, including financial institutions, telecommunication and cable services providers, government agencies, technology companies, large retailers, automobile and mortgage lenders, and e-commerce providers. LifeLock, Inc. was founded in 2005 and is headquartered in Tempe, Arizona.

675 Employees
Last Reported Date: 11/10/14
Founded in 2005

lifelock inc (LOCK) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $477.3K
Total Annual Compensation: $410.6K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $323.2K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $318.2K
Senior Vice President of Enterprise Sales & A...
Total Annual Compensation: $155.8K
Compensation as of Fiscal Year 2013.

lifelock inc (LOCK) Key Developments

LifeLock Introduces Identity Theft Protection for Enterprise Data Breach Response Plans

LifeLock, Inc. introduced a new service for organizations to integrate identity theft protection into their data breach response plans. LifeLock Data Breach Service enables organizations to rapidly activate LifeLock if they are exposed by a data breach and help protect their customers or employees from identity fraud. This new service is designed to help organizations plan their response to data breaches. LifeLock Data Breach Service establishes a pre-negotiated plan to mobilize LifeLock identity theft protection for any customers or employees exposed by a future breach at a discounted rate. Companies do not pay for the service unless a breach occurs and the service is activated. Additionally, LifeLock does not sell members' data to outside parties. Identity theft protection for customers is an important part of a checklist for companies developing data-breach crisis plans. A recent study by Forrester Consulting showed that one in three individuals who were notified that their personal information was part of a data breach reported that they experienced identity theft. LifeLock Data Breach Service includes: Primary LifeLock Alert System: Actionable alerts are sent in near real time when LifeLock detects a Social Security number, name, address or date of birth in applications for credit and services within its network2. LifeLock monitors over a trillion data points, including those used for new credit cards, wireless services, retail credit, mortgages, auto and payday loans. Members can choose alerts by text message, phone, or email and respond immediately to confirm if the activity is fraudulent with the company's proprietary Not Me(R) verification technology; Continuous Live Member Support: U.S.-based Member Services Agents are available to help 24 hours a day, 7 days a week, and 365 days a year; Certified Resolution Support: A Certified Resolution Specialist will personally handle a case and help restore a member's good name in case of a fraudulent event. These specialists are Fair Credit Report Act (FCRA) certified and trained on federal legislation, national credit repository guidelines and consumer rights; $1 Million Total Service Guarantee: If a LifeLock member becomes a victim of identity theft, LifeLock will spend up to $1 million to hire experts, lawyers, investigators, consultants and necessary professionals to help their recovery. Identity fraud comprises much more than a fraudulent charge on a credit card; it includes new accounts, loans, or services being opened up in a victim's name without their knowledge.

LifeLock, Inc. Auditor Raises 'Going Concern' Doubt

LifeLock, Inc. filed its 10-K/A on Nov 10, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

LifeLock, Inc. Presents at Goldman Sachs Group 2014 US Emerging / SMID Cap Growth Conference, Nov-20-2014 03:40 PM

LifeLock, Inc. Presents at Goldman Sachs Group 2014 US Emerging / SMID Cap Growth Conference, Nov-20-2014 03:40 PM. Venue: New York Marriott Marquis, New York, New York, United States. Speakers: Chris G. Power, Chief Financial Officer and Principal Accounting Officer, Todd Davis, Chairman and Chief Executive Officer.


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