Founders Bank subscribes to LifeLock ID theft protection service

Source: LifeLock

LifeLock CEO Todd Davis announced today that Founders Bank has selected LifeLock, the industry leader in identity theft prevention to protect their customers.

With identity theft still among the fastest growing crimes in the U.S., this partnership guarantees that individuals associated with Founders Bank will never be bothered by the problems associated with the crime.

"We continue to see an increase in the number of organizations taking preventative measures to secure their employees and customers from the troubles associated with this crime," said Davis. "I applaud Founders Bank for its decision to take this stand and eliminate identity theft problems for its employees and customers."

According to The Privacy Rights Clearinghouse, a non-profit group in San Diego, it's estimated that more than 200 million American identities have been compromised since mid-February 2005. So far this year, 325 organizations have reported losses of personal information through hacking, stolen computers, disgruntled employees or misplaced data files.

LifeLock enables "locks" by setting and automatically renewing fraud alerts with the major credit bureaus, removing member's names from pre-approved credit card offers and junk mail lists and guaranteeing the service with a $1 million service guarantee. Recently, LifeLock added an additional benefit through its service - WalletLock - a one-stop solution for a lost wallet. One call to LifeLock and credit cards, driver's licenses and other lost materials will be cancelled and replaced, free of charge. Additionally, LifeLock offers the only identity theft prevention service for children under 16.

Michele Madia, Senior Vice President of Founders Bank stated, "We are very excited to partner with LifeLock by offering their valuable theft protection service. ID Theft is the fastest growing crime in the nation. We are so convinced of the value of this service to combat ID Theft protection, we are extending our special discount pricing to not only our customers, but the community as well. You can enroll in LifeLock by visiting the bank's website."

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