Experian announced today that it has agreed to a settlement of its litigation with LifeLock.
In 2008, Experian filed suit based on allegations that LifeLock's activities in placing fraud alerts for consumers violated certain provisions of the Fair Credit Reporting Act. Though some of the terms of the settlement are confidential, Experian is pleased with the result of the settlement, including a permanent injunction to be entered by the court under which LifeLock will be "permanently restrained and enjoined from directly or indirectly causing any request that a fraud alert be included in the file of a consumer to be submitted to any consumer reporting agency."
The Experian group of companies has been safeguarding consumer credit data for decades and continually seeks to ensure that consumers understand their rights and opportunities regarding managing their credit. Experian is the largest provider of consumer credit products and provides consumers access to a variety of free and fee-based services to help protect their personal information. More than 9 million consumers benefit from Experian's credit monitoring services, which are the most widely used for data-breach protection.