IdentityProtection
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Symantec to buy identity protection firm with checkered past
Symantec is acquiring identity-theft protection firm LifeLock for $2.3 billion. It's the company's latest move to branch out from malware protection into cybersecurity, following its purchase of Blue Coat, a company that safeguards web transactions. "With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers," Symantec CEO Greg Clark said in a statement.
FTC slams LifeLock for false advertising, again
Worried about identity theft? If you listen to talk radio you've probably heard of one potential answer: LifeLock, an identity protection service that promises to stop identity theft before it happens. It's a nice thought, but the company doesn't actually have that good of a track record: back in 2010, the FTC hit the company with a $12 million penalty settlement for false advertising. Now LifeLock is in trouble again -- the FTC is charging the company with violating its 2010 settlement order for the exact same reasons.
