The news broke this week that credit reporting agency Equifax had been hacked, and that 143 Million credit files had been stolen. This is prompting a huge class action lawsuit. Leo says the three big credit agencies have a very high duty to keep customer information safe, and they failed.
Val is interested in LifeLock and wants to know if it's safe. Is it? Leo says yes. They were a bit over confident in the early days, but they are dedicated to getting in between you and identity thieves by putting fraud alerts on your credit history. But now they can't do that because of lawsuits. So now they own companies that are built to target fraudulent credit activity so that if anything unauthorized occurs, you get wind of it and they can shut it down. They will also help you fix your credit record should you be a victim of credit card fraud.