News | July 19, 2012

LifeLock's Award-Winning Solution Offered As Employee Benefit

LifeLock Represents Value for Employers and Benefits Brokers

Tempe, AZ (GLOBE NEWSWIRE) -- Employers and benefits brokers looking for a voluntary benefit that provides protection, value and financial wellness to employees should look no further than LifeLock, Inc., an industry leader in proactive identity theft protection. LifeLock offers its service through payroll deduction at a special discount for employees and can easily integrate employee identity theft protection into existing benefits plans. LifeLock's service is an opportune way to enrich existing benefits plan with identity theft protection from a nationally recognizable brand name.

The LifeLock service is distributed by voluntary benefits carriers, and through key industry implementation partners. In addition to the service, LifeLock has developed a comprehensiveemployee benefits portal for carriers and general agencies, enabling broker agencies to easily access the education and complete sales support, making selling to groups both transparent and efficient.

Technology has introduced an "information on-demand society" where sensitive information of millions of people can be stolen, distributed and sold within minutes. According to the 2012 Identity Fraud Report from Javelin Strategy & Research, there were 1.4 million new victims in 2011 over 2010. Often there is a delay between the time a consumer detects new account fraud and the time that stolen information is misused. According to the Javelin report, the delay in detection can be as long as 151 days. While many of the hours an affected employee spends to resolve identity theft can occur during work, LifeLock's proactive protection and remediation can allow for continued employee productivity in the workplace.

The Federal Trade Commission announced in March 2012 that identity theft was the No. 1 complaint received by the agency in 2011.

With the potential financial, legal and emotional costs of identity theft, employees can become discouraged and overwhelmed while attempting to navigate through the remediation alone. Once enrollment for LifeLock service is complete, monitoring for identity threats within the LifeLock network begins immediately. To learn more about the comprehensive identity monitoring and remediation services visit LifeLock.com.

About LifeLock
LifeLock, Inc. is an industry leader in identity theft protection. Since 2005, LifeLock has been relentlessly protecting identities by providing consumers with the tools and confidence they need to help protect themselves from identity theft and manage their credit. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization for two consecutive years, LifeLock has been recognized by Inc. magazine on their annual list of top 500 fastest growing privately held businesses in the United States and by the American Business Awards as having the 2011 Customer Service Team of the Year. In August 2011, Javelin Strategy & Research named LifeLock Command Center and LifeLock Credit Score Manager as "Best in Prevention" in their annual Identity Protection Vendor Report. As of March 2012 ID Analytics, Inc., a leader in enterprise identity risk management with advanced science that provides visibility into identity risk and credit worthiness, is a wholly owned subsidiary of LifeLock, Inc.

The LifeLock logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9430

This information was brought to you by Cision http://www.cisionwire.com

http://www.cisionwire.com/lifelock/r/lifelock-s-award-winning-solution-offered-as-employee-benefitlifelock-represents-value-for-employers,c9284637

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved.

SOURCE: LifeLock