Gap cards and cell phones and, quite possibly, kittens. These are a few of Todd Davis’s favorite things. Actually, not. These are the favorite things of the thirteen criminals who stole Davis’s identity and used it to apply for credit cards and cell phone accounts. Davis’s true delight is plastering billboards with his social security number to demonstrate his confidence in his identity theft protection company, LifeLock. Obviously, his company's services leave a little something to be desired. On Tuesday the Federal Trade Commission promised Davis that he’ll be doing more than blushing—LifeLock must pay twelve million dollars for deceptive advertising and for failing to secure customer data.
Wired reports: “In truth, the protection they provided left such a large hole … that you could drive that truck through it,” said FTC Chairman Jon Leibowitz, referring to a LifeLock TV ad showing a truck painted with Davis’s Social Security number driving around city streets.
For only ten dollars per month, LifeLock's first services consisted of placing fraud alerts on consumers' personal credit files every ninety days—something that anyone with a phone or a computer could do, for free. As covered extensively by the Phoenix NewTimes, the U.S. District Judge Andrew Guilford ruled last May that this ...