TEMPE, AZ - May 30, 2007 - LifeLock CEO Todd Davis announced today a partnership with Water and Power Community Credit Union (WPCU) of Los Angeles for employees and members to protect their identities. LifeLock, the leader in Identity Theft Protection, will offer significant savings to employees and members of WPCU to guarantee their good name.
"We are pleased to partner with Water and Power Community Credit Union to share the many identity theft prevention options that exist, including preventative services provided by LifeLock," said Davis. "Water and Power Community Credit Union is our first partnership with a major credit union and we are thrilled to be able to help them bring this issue into the spotlight while also providing an affordable prevention tool."
Employees and members of WPCU will have peace of mind knowing that LifeLock is working on their behalf, protecting their identities from thieves. As the leader in Identity Theft Prevention, LifeLock enables "locks" by setting and automatically renewing fraud alerts with the major credit bureaus, removing member names from pre-approved credit card offers and junk mail lists and guaranteeing the service with their industry-exclusive $1 Million Guarantee.
In February, the Federal Trade Commission released its annual report highlighting that for the seventh consecutive year, identity theft tops the list of consumer complaints. The Los Angeles metropolitan area registered nearly 17,000 complaints with the FTC for identity theft in 2006, up more than 1,000 from 2005. More than 48,000 complaints have been filed with the FTC in the Los Angeles area since January 2004. In 2006 alone, identity theft cost Americans $1.1 billion dollars, the highest amount ever.
"We understand the threat that identity theft poses to our employees and our members and we needed to find the best way to protect them," said Carl E. Stewart, President and CEO of WPCU. "LifeLock is so confident in their services that the CEO publicly gives out his personal Social Security number. That is the type of security that is most logical to protect our members."
Employees or members of WPCU interested in signing up for LifeLock’s discounted service can visit www.wpcu.org today.
LifeLock (www.lifelock.com) helps consumers to render their personal information useless to thieves, backing up its service with a million-dollar guarantee. Famous for its CEO giving out his Social Security Number in advertising and national press, the company is experiencing astounding growth. Located in a secure facility in Tempe, Arizona, LifeLock is a private company backed by Kleiner Perkins Caufield and Byers as well as Bessemer Venture Partners.
Water and Power Community Credit Union was formed in 1936 by employees of the Department of Water and Power. WPCCU has helped members send their kids to college, save for retirement, a vehicle or a home. The credit union was the place where countless DWP employees turned to solve life's financial challenges.
with the most advanced Identity Theft Protection system available!