Wednesday, September 2, 2009

LifeLock Loses Round In Battle With Experian

Credit information provider Experian said today that a federal court in California has denied a motion by Tempe, Arizona-based LifeLock, to reconsider a ruling which found that LifeLock's practice of setting 90-day fraud alerts on Experian and other credit bureaus was unlawful. LifeLock, a venture-backed firm which offers a credit fraud protection service to consumers, was sued by Experian in February of 2008. Experian said it has requested a permanent injunction in the case. The revelation comes a day after LifeLock said it had "enhanced" its identity theft protection services to better spot fraud, and would be replacing the use of fraud alerts in its service.