The move will have big consequences if you've poured a lot of data into LifeLock Wallet. You may have to dig out cards that you could previously afford to leave at home, and you won't be recovering any receipts if you tossed out their paper copies. However, this is a potentially wise gesture to protect customers who might not otherwise realize that their data is at risk. It may also be necessary to avoid a run-in with the government, for that matter -- LifeLock has to meet certain security requirements following a 2010 FTC ruling that the company both misled customers with fear-driven marketing and didn't do enough to secure identity information. In that sense, the move is as much about saving the company's skin as your own.
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