LifeLock, the industry leader in identity theft protection, and TransUnion, a global leader in credit and information management, have entered into an agreement that will leverage TransUnion's secure, automated processes to expedite and enhance the delivery of identity theft services that LifeLock currently provides to its members.
"Protecting consumers just became easier," said LifeLock CEO Todd Davis. "While we have been growing our company by providing a strong layer of defense against identity theft, we have been looking to develop a business solution with the credit bureaus that takes advantage of leading technology and provides our members with a process unchallenged in our industry."
Specifically, the agreement between LifeLock and TransUnion will automate and streamline the processes through which fraud alerts and opt outs are set, confirmed to be in-force and credit reports are provided for LifeLock members. These enhancements will serve to further strengthen LifeLock's delivery of proactive consumer identity theft protection services.
"We believe in empowering consumers through education and choice," said Mark Marinko, TransUnion president of Consumer Services. "This effort will help ensure that regardless of whether consumers choose to manage their own credit directly through the services TransUnion provides or authorize LifeLock to handle those kinds of responsibilities on their behalf, their requests and personal information will be handled in a highly efficient and secure manner."
According to the 2007 Identity Fraud Survey Report by Javelin Research, 8.4 million U.S. consumers were victims of identity fraud during the 2007 calendar year.