Everyone wants to know how does LifeLock work? I know that LifeLock guarantees that they can protect my identity from being stolen, but what is the process? How is it possible that LifeLock can stand behind their identity theft protection service with a $1,000,000 Service Guarantee and only charge $10 per month?
First of all, LifeLock asks the credit bureaus to set fraud alerts on your behalf through their automated systems (the alerts are set within an hour). This allows for immediate protection against identity theft. Then every 90 days or so they ask the credit bureaus to do it again.
Next LifeLock requests that your name be removed from pre-approved credit card and junk mail lists and continues making the requests as they expire.