What it Does: Lifelock (LOCK) provides identity-theft protection services in a subscription platform. For $25 per month, LifeLock will remove your name from junk-mail lists, monitor the Web for fraudulent use of your name, Social Security number and other personal information, and alert you about potential breaches.
Market Cap: $1.5 billion
The Big Trend: The same technologies that make banking, shopping and working so convenient also make identity theft easier. The Javelin Strategy & Research’s 2012 Identity Theft Report says that 12.6 million people were violated at a cost of $21 million. At a projected growth rate of 4% per year, losses will become even more staggering.
Performance: Third-quarter revenue grew 33% to $95.7 million year-over-year.
Stock YTD: +103%