Best Review Guide / Articles / Services / Identity Theft / Our newest review for Lifelock for 2021

Our newest review for Lifelock for 2021

Mitch Avatar By: Mitch | Last updated December 22, 2020

Picture of a hacker attacking the internet


2021 is a year that is filled to the brim with crisis upon crisis both domestically and globally. Each country seems to have its own internal struggle while internationally the Covid19 pandemic wreck havoc on the world's health and economy.

One saving grace for us all, the one that sets this pandemic apart from the previous ones, is the existence of the internet. Much of our daily life could still be resumed, somewhat, thanks to the interconnected web of the internet. 

The internet gave us the ability to earn a living, to connect to other people, and to enjoy entertainment during this terrible year. It is safe to say that the internet has played a critical role in our daily life now, even more so than before. 

But the internet could also be used by desperate and ill-intent people to do nefarious and illegal things, which is known as cybercrime. One type of cybercrime that has been steadily increasing throughout the years is identity theft. 

People who stole your identity could take out a loan in your name, opening a debit and credit card line under your name, purchasing illegal stuff using your identity, etc. So, what can you do to protect yourself during this challenging time when you have no choice but to rely on the internet? 

Lifelock might have the perfect solution for you.

About Lifelock

Lifelock is a cybersecurity company that specialized in the many facets of identity theft. They have the knowledge to prevent it from happening in the first place, what to do when it does happen, and they also could provide the solution on what could and should be done afterward. 

From alerting you when some suspicious transaction happened through your bank account to reimbursement of the stolen fund. Lifelock offers complete protection to its customers when it comes to identity theft. 

Lifelock was co-founded by Robert Maynard and Todd Davis in 2005 when identity theft was started to happen at an alarming pace. Throughout the years, they saw Lifelock growing from just a small company in Tempe, Arizona, into a giant multimillion dollars company that is amongst the top in the industry today.

In recent years, Lifelock has acquired ID Analytics, a cybersecurity company, and Lemon Wallet, an online payment company. These acquisitions mark a huge milestone in the company's history because now they have finally expanded their capabilities on both protection and overall services to the customers.

Lifelock and Norton Security

Another important milestone for Lifelock comes in 2017 in the form of another acquisition. But this time, it was Lifelock that got acquired by another, much bigger security company called Symantec Corporation. 

Symantec is a well-established name in the industry for its security suite programs called Norton Security Suite. The initial intention behind the acquisition is to add Lifelock's identity theft protection capabilities into Norton Security. 

Symantec acquired Lifelock with a whopping $2.3 billion price tag. Not long after that, Symantec swiftly adds Lifelock as a bundle into their Norton Security subscription services, as originally planned. 

But in August 2019, another giant tech company called Broadcom Inc, acquired the enterprise security software division of Symantec for $10.7 billion. Soon after that, Symantec officially changed its name to NortonLifelock Inc and moved its headquarter into Tempe, Arizona.

Features of Lifelock
  • Identity and Social Security Number alerts. Lifelock would constantly monitor the web and if there's any suspicious activity that used your identity and your social security numbers, Lifelock would immediately send alerts to notify you about it. 

  • Bank account and credit card activity alerts. Similar to the previous point, Lifelock would also monitor your bank account and credit card so that whenever they found suspicious activity on it, they would promptly send alerts to you.

  • Alerts on crimes committed in your name. If a crime happened somewhere and your name somehow gets tangled up in it, Lifelock would immediately notify you because, at that point, you have become a victim of identity theft. 

  • Data breach notifications. Another type of notification that you will get is regarding a data breach. If there has been a breach to any of the online services that have your personal information in it, whether it's cloud storage, an online store, etc, Lifelock will immediately notify you.

  • Stolen funds reimbursement. If you've proven to be a victim of identity theft, Lifelock would reimburse you for any stolen funds that have resulted because of the crime. The sum of the reimbursement you'd received depends on your chosen plan, but the range is between $25,000 to $1 million.

  • Personal expenses compensation. Another type of financial incentive that you'd get from Lifelock is in the form of compensation for any personal expenses that might occur because of the identity theft crime. Again, the number is varied depending on your chosen plan, but the range is still between $25,000 to $1 million.

  • Coverage for lawyers and experts. Lifelock would also cover any expenses on lawyers and experts that you might need in order to present your case in court. For this particular feature, every plan has the same coverage of up to $1 million.

  • Dark web monitoring. Lifelock would continuously monitor the dark web in case your identity is up for sale in any illegal marketplace there.

  • US-based identity restoration specialist. To further assist you in restoring your stolen identity, Lifelock would assign a restoration specialist that would help you resolve the problem as soon as possible. 

  • 24/7 live member supports. Once you become a member of any of their plan, Lifelock has 24/7 live supports where you can inquire about anything at any time. 
Benefits of using Lifelock
  • Affordable price. LifeLock has four kinds of plans that you can choose from. The variety of the feature you'd get is different depending on your chosen plan but even their most basic plan, the standard, covers all the basics needed to secure your identity. The standard plan would cost you a meager $8 per month, but if you chose to pay it annually the price will drop to just $7 per month. Their most expensive and comprehensive plan, The ultimate plus, only cost $19,99 per month for the annual option. But the best bang for your buck is their Advantage plan that would give you almost every features you'd see in the ultimate plus plan and it would only cost you $14.58 per month. 

  • Security for PCs, Macs, smartphones, and tablets. Thanks to Lifelock being bundled with the Norton 360 security, for every plan other than the most basic plan, you'd also get a secured and world-class protection for your devices. The amount of protected devices is different depending on your chosen plan.

  • Virus protection. The protection that I mentioned above would also include protection against viruses and malware that could wreak havoc on your devices.

  • Cloud backup for Windows PCs. Another neat feature that you'd get in the higher plans is the cloud backup. This feature only available for Windows-based computers and the size of the storage would also vary depending on your chosen plan.

  • VPN for PCs, Macs, smartphones, and tablets. To even further increase your security, for the top two plans, you'd get to use a VPN for your devices so that you can browse the web privately and securely. Once again, the number of connected devices is vary depending on your chosen plan. 
Should you buy Lifelock

Yes, you should buy Lifelock. The threat of identity theft is real and it's hard to reverse the damage once it's happened to you. Having Lifelock as a means to alerts, protect, and solve the matters afterward would be a huge relief for you. 

As I mentioned before, even the most basic plan would give you the necessary features that you'd need to protect yourself against identity theft. But if you could afford to set aside a bit more money, then I suggest you choose either of the top two plans.

Both of them are still very much affordable and you'd get the full features of both Lifelock and Norton 360 security with those plans. The features of both services combine would give you complete protection and will certainly worth every penny you'd pay.  In our identity theft category we did a full review of LifeLock and found that it was one of the best programs available today.