The Smartest Employee Benefit Is Identity Theft Management

Transcription

1 The Smartest Employee Benefit Is Identity Theft Management HELP PROTECT YOUR EMPLOYEES. Proposal For: Date: Presented By:

2 Provide peace of mind. Raise your benefits to a new level. Every employee has a risk of having their identity stolen. Provide your employees with identity theft management by offering. Some of the best reasons to choose : 1 LIFELOCK IMPACTS OUTCOMES BY MITIGATING EMPLOYER RISK & REDUCING EMPLOYEE DISTRACTION 3 We provide ongoing protection if your employee data is ever breached. If you have in place, we can help your business and employees proactively, not reactively. And, just like a wellness program or short term disability, we provide ROI by reducing employee time away from, or distractions while at, work. 2 LIFELOCK GETS DATA THROUGH ITS PROPRIETARY, WORLD-CLASS ID NETWORK gets data through the ID Network, powered by ID Analytics, as well as other sources. The ID Network is proprietary to. We deliver world-class protection to all of our customers. The ID Network is the same one used by the top banks, credit card companies and wireless providers to help protect their networks from fraud. This cross-industry identity repository is one of the world s largest data networks, with scientific visibility and up-to-the-minute consumer information into more than 300 leading U.S. enterprises. And we never sell this data. DETECT Technology that scans millions of transactions each second looking for potential threats to your employees identities. LIFELOCK IS THE MOST RECOGNIZED BRAND IN THE IDENTITY THEFT PROTECTION INDUSTRY Your employees recognize as an industry leader. Give them the benefit they ll appreciate and value. Consumer consideration for is the highest among major competitors.1 Millennials are familiar with ID theft protection. Boomers want to protect their 401k s and other hard-earned assets from theft. Your employees will benefit from. 4 LIFELOCK IDENTITY THEFT RESOLUTION IS THE BEST IN THE BUSINESS Identity theft resolution is the lifeblood of. Our U.S.-based resolution teams are all experts in helping resolve ANY identity issue that impacts our members. From credit accounts fraudulently opened in a member s name, to tax refund fraud, to bank-account takeover we help resolve it (and many more types of identity fraud). ALERT With our patented Identity Alert system, we send a potential fraud alert by text, phone, or . If it is confirmed that the suspicious transaction is fraudulent, the team is on it. RESTO RE If your employees become victims of identity theft, our U.S.-Based Identity Restoration Specialists are available to handle their case every step of the way. 1 Based on sample of 1,011 respondents to monthly online consumer survey conducted by MSI International on behalf of, Jan-Mar, , Inc. All rights reserved. and the LockMan logo are registered trademarks of, Inc.

3 Voluntary Benefit Pricing WHY PROTECT MY BUSINESS FROM DATA BREACHES AND EMPLOYEE IDENTITY THEFT? ABOUT LIFELOCK is the best identity theft protection. Unlike a bank, a credit card company or free credit monitoring, our focus is on helping protect your identity in our privacy-challenged world. Employers who offer proactive protection for identity theft can make a positive impact in the workplace by helping protect employee productivity and satisfaction. helps you deliver on this. 169 million records were exposed by data breaches in And 32.1 million people were notified of a data breach in On top of that, more than 1 in 5 data breach victims became victims of identity theft in It s no wonder identity theft is now America s fastest growing crime.3 The impact of data breaches and identity theft on a business cannot be overstated. New account fraud loss averaged $2,379 per incident in 2015 and existing-card fraud cost Americans $8 billion.2 In the event of a breach, employers could face employee loyalty issues as well as retention and attraction concerns. In some situations, a data breach can disrupt the normal workflow of the business causing additional concerns as they relate to the company s profitability. When is offered as a voluntary payroll deduction, employees have access discounted employee benefit rates, starting at 15% off retail. Voluntary: Employee Contribution (Monthly) Employee (18+ Years Old) Employee + Spouse/Domestic Partner Employee + Children (Up To Age 26) Employee + Family * Phone alerts made during normal local business hours. 2016, Inc. All Rights Reserved. and the LockMan Logo are registered trademarks of, Inc Benefit Elite Ultimate Plus $8.49 $16.98 $14.86 $23.36 $25.49 $50.98 $36.11 $ Data Breach Category Summary. Identity Theft Resource Center, January Identity Fraud, Javelin Strategy & Research, February 2016 Whitehouse.gov, (2016), FACT SHEET: Cybersecurity National Action Plan, (accessed March 29, 2016), [available at

4 Employer Paid Options IF YOU HAVE A DATA BREACH TODAY Do you have a business plan? Do you have an employee communication strategy? Do you have a budget to fund a breach plan for 12, 24 or more months? If you do not have the answers to these three questions, you should speak to a broker and or benefit specialist. Don t leave your business without employee identity theft protection. HOW CAN I PROTECT MY BUSINESS? Offering and covering the cost for identity theft protection is the solution. can provide you with a plan that will protect your business and at the same time help protect your employees if they have a non-employer related fraud attack. When is offered as an employer sponsored benefit, you can help protect more of your employees when you auto-enroll employees for the benefit. This enrollment method assumes automatic election of the benefit unless the employee actively chooses to opt-out of the benefit. This is the preferred method for an employer wanting to protect more of their employees from identity theft. AUTO ENROLL: Employee Contribution (Monthly) Employee (18+ Years Old) Employee + Spouse/Domestic Partner Employee + Children (Up To Age 26) Employee + Family Benefit Elite Ultimate Plus $0.00 $8.49 $6.37 $14.87 $17.00 $42.49 $27.62 $53.12 Employer contributes $7.49 per employee per month Employer provides enrollment details for all eligible employees, and communicates the benefit with the option for employees to opt-out of the benefit. * Phone alerts made during normal local business hours. 2016, Inc. All Rights Reserved. and the LockMan Logo are registered trademarks of, Inc.

5 The better the service. The better the protection. When our members evaluate the scope of protection offered by, it s easy to appreciate the value. Identity theft is one of the fastest growing crimes in America** and with services from, members have exclusive protection services including proprietary identity monitoring with technology that scans hundreds of millions of data points a day looking for different threats that could lead to identity theft. If they do become a victim, they can have a sense of confidence that our $1 Million Service Guarantee will help hire experts and lawyers if needed to help resolve identity theft problems. LEVELS OF PROTECTION Benefit Elite Ultimate Plus Identity Alert System Lost Wallet Protection Address Change Verification Black Market Website Surveillance Live Member Service Support Privacy Monitor Reduced Pre-Approved Credit Card Offers Identity Restoration Support $1 Million Service Guarantee Fictitious Identity Monitoring Court Records Scanning Data Breach Notifications Investment Account Activity Alerts Credit Card Activity Alerts Checking and Savings Account Activity Alerts Checking and Savings Account Application Alerts Bank Account Takeover Alerts Credit Inquiry Alerts Online Annual Credit Report & Score Monthly Credit Score Tracking File Sharing Network Searches Sex Offender Registry Reports Priority Live Member Service Support Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal. ** Whitehouse.gov, (2016), FACT SHEET: Cybersecurity National Action Plan, (accessed March 29, 2016), [available at the-press-office/2016/02/09/fact-sheet-cybersecurity-national-action-plan] 2016, Inc. All Rights Reserved. and the LockMan Logo are registered trademarks of, Inc. 3 Credit Bureaus

6 Alerts for What Matters Most Alert modified for demonstration purposes. Helps Protect You in Ways You Can t Protect Yourself FACT SHEET Lifelock Benefit Elite does not monitor all transactions at all businesses. Service Guarantee benefits for State of Washington members are provided under a Master Insurance Policy issued by United Specialty Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by State National Insurance Company. Under the Service Guarantee will spend up protection aimed squarely at what matters employees helping protect their to $1 million to hire experts tobenefit help yourelite recovery. Please is see the policy for terms, conditions andto exclusions at.com/legal. 2016, Inc. All rights reserved. identities and helping protect their next eggs. While most employees have a 401 (k), many may set it and forget it which means they could miss important cues that may indicate potential fraud. Benefit Elite protection helps detect potential fraud and brings it to the attention of employees through alerts with the company s network via , text or phone. The company s network, however, does not cover all transactions. Available only through employers, Benefit Elite protection helps protect 401 (k) and other investment accounts from fraudulent withdrawals and balance transfers. also searches over a trillion data points every day for potential threats to its members personal identity, including suspicious uses of name, address, phone number, birth date, and Social Security number to obtain loans, credit and services, or to commit crimes. If an employee becomes a victim of identity theft while a member, will spend up to $1 million to hire the necessary lawyers, accountants and investigators to help with recover. Benefits of Benefit Elite: Identity Alert System Court Records Scanning It s the foundation for all services. We monitor for fraudulent use of your Social Security number, name, address, or date of birth in applications for credit and services. The patented system sends alerts by text, phone, or . We check court records for matches of your name and date of birth to criminal activity. It helps protect you from being falsely linked to arrests and convictions you know nothing about. Investment Account Activity Alerts Investment and retirement accounts are often the lifeline for financial growth. We ll help protect your nest egg from fraudulent cash withdrawals and balance transfers. Fictitious Identity Monitoring We scan for names and addresses connected with your Social Security number to help protect against criminals building fictitious identities to open accounts or commit fraud. Data Breach Notification Your identity is virtually everywhere. Doctors, insurance companies, employers, even your favorite retailers. We ll let you know about large-scale breaches so you can help protect your personal information. Black Market Website Surveillance Identity thieves sell personal information on black market websites around the world. patrols over 10,000 criminal websites and notifies you if we find your data. Privacy Monitor Privacy Monitor helps reduce public exposure of your personal information. We scan common public peoplesearch websites to find your personal information and help you opt-out. Address Change Verification Identity thieves try to divert mail to get important financial information. lets you know of change in address requests linked to your identity. Fastest alerts require member s current address. Phone alerts made during normal local business hours. Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal.

7 Alerts for What Matters Most Alert modified for demonstration purposes. Helps Protect You in Ways You Can t Protect Yourself FACT SHEET Lifelock Benefit Elite (cont d) does not monitor all transactions at all businesses. Service Guarantee benefits for State of Washington members are provided under a Master Insurance Policy issued by United Specialty Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by State National Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal. 2016, Inc. All rights reserved. Benefits of Benefit Elite: Lost Wallet Protection A lost wallet can mean a lost identity. Call us if your wallet is lost or stolen and we ll help cancel or replace credit cards, driver s licenses, Social Security cards, insurance cards and more. Reduced Pre-Approved Credit Card Offers Pre-approved credit card offers can provide important information to identity thieves. will request your name be removed from many pre-approved credit card mailing lists. Live Member Support We have live, U.S.-based, award-winning Identity Protection Agents available to answer your questions. Identity Restoration Support If your identity is compromised, an Identity Restoration Specialist will personally handle your case and help restore your identity. $1 Million Service Guarantee If you become a victim of identity theft while a member, we ll spend up to $1 million to hire the necessary lawyers, accountants and investigators to help your recovery. About is a leader in identity theft protection services. Our focus is on helping you protect your identity, which may not be the focus of a bank or credit card company to help focus on protecting identity in an always connected world. 3 Layers of Protection DETECT We search over a trillion data points looking for potential threats to your identity. ALERT The patented Identity Alert system will let you know about suspicious activity by text, phone or . RESTORE If you become a victim of identity theft, an Identity Restoration Specialist will handle your case every step of the way com Fastest alerts require member s current address. Phone alerts made during normal local business hours. Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal.

8 FACT SHEET Lifelock Ultimate Plus Your bank accounts and credit are a gold mine for identity thieves. Ultimate Plus identity theft protection gives you peace of mind knowing you have s most comprehensive identity theft protection. Enhanced services include alerts for new bank account applications, attempts to take over existing accounts, online credit reports and credit scores. Benefits of Ultimate Plus : Identity Alert System Court Records Scanning It s the foundation for all services. We monitor for fraudulent use of your Social Security number, name, address, or date of birth in applications for credit and services. The patented system sends alerts by text, phone, or . We check court records for matches of your name and date of birth to criminal activity. It helps protect you from being falsely linked to arrests and convictions you know nothing about. Credit Card, Checking And Savings Account Activity Alerts Help protect your finances from fraud with alerts that notify you of cash withdrawals, balance transfers and large purchases. Online Annual Credit Score and Credit Report Online access to your annual credit score and credit report from a major credit bureau, so you can see details of your credit history. Fictitious Identity Monitoring We scan for names and addresses connected with your Social Security number to help protect against criminals building fictitious identities to open accounts or commit fraud. Data Breach Notification Your identity is virtually everywhere. Doctors, insurance companies, employers, even your favorite retailers. We ll let you know about large-scale breaches so you can help protect your personal information. Black Market Website Surveillance Identity thieves sell personal information on black market websites around the world. patrols over 10,000 criminal websites and notifies you if we find your data. Privacy Monitor Privacy Monitor helps reduce public exposure of your personal information. We scan common public peoplesearch websites to find your personal information and help you opt-out. Address Change Verification Identity thieves try to divert mail to get important financial information. lets you know of change in address requests linked to your identity. Lost Wallet Protection A lost wallet can mean a lost identity. Call us if your wallet is lost or stolen and we ll help cancel or replace credit cards, driver s licenses, Social Security cards, insurance cards and more. Fastest alerts require member s current address. Phone alerts made during normal local business hours. Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal.

9 FACT SHEET Lifelock Ultimate Plus (cont d) Benefits of Ultimate Plus : Reduced Pre-Approved Credit Card Offers Investment Account Activity Alerts Pre-approved credit card offers can provide important information to identity thieves. will request your name be removed from many pre-approved credit card mailing lists. Investment and retirement accounts are often the lifeline for financial growth. We ll help protect your nest egg from fraudulent cash withdrawals and balance transfers. Identity Restoration Support If your identity is compromised, an Identity Restoration Specialist will personally handle your case and help restore your identity. $1 Million Service Guarantee If you become a victim of identity theft while a member, we ll spend up to $1 million to hire the necessary lawyers, accountants and investigators to help your recovery. Stolen Funds Replacement If you re a victim of identity theft while a Standard member, protects your hard earned money with dollar for dollar reimbursement for stolen funds up to $25,000. This includes everything from fraudulent bank and investment account withdrawals to tax returns filed in your name. Coverage currently limited for NY and WA. Checking and Savings Account Application Alerts Continuously searches for your personal information in new bank account applications at national banks, local banks and credit unions from coast to coast. Bank Account Takeover Alerts Smart identity thieves use their computers to take over accounts or add new account holders to existing accounts. helps protect your finances by monitoring for these changes. Credit Inquiry Alerts Lenders make credit inquiries when someone submits a card application. We monitor for suspicious activity and you can respond if the application is fraudulent. File-Sharing Network Searches Music, photo and data file-sharing networks can expose your personal information. We monitor many popular networks for use of your name, Social Security number, date of birth or contact information. Sex Offender Registry Reports Receive notifications when sex offenders move into your zip code. Online Annual Tri-Bureau Credit Reports and Scores Secure online access to your annual credit reports from the three primary bureaus: Equifax, TransUnion and Experian. It s a convenient way to see details of your credit history over the past year. Monthly Credit Score Tracking This monthly single-bureau credit score tracker helps you identify important changes and see how your credit is trending over time. Priority Live Member Support Skip the wait and move to the front of the line to speak with a U.S.-based Member Services Agent available to answer your questions. Fastest alerts require member s current address. Phone alerts made during normal local business hours. Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee will spend up to $1 million to hire experts to help your recovery. Please see the policy for terms, conditions and exclusions at.com/legal.