ADA, Okla.--(BUSINESS WIRE)--LegalShield, one of North America’s leading providers of affordable legal plans and identity theft solutions for individuals, families and small businesses, announced today the launch of IDShield Vault, a new password management feature that protects users against the vulnerabilities that arise from weak passwords. The feature is now available to all current and new members who have purchased the company’s industry-leading IDShield identity theft protection service.
Studies show that 73 percent of consumers use the same password for multiple accounts, and at least 80 percent of security incidents are due to weak passwords. Effective passwords are a key part of keeping your personal information safe online, but many people have trouble creating one that is unique and secure – and even more trouble remembering them for various digital accounts.
With IDShield Vault, members will be able to access a separate, secure online dashboard where they can manage their passwords, while also generating new ones. IDShield Vault uses a browser plug-in to auto-fill known passwords while browsing on the web; it also syncs across all devices and provides a secure automatic backup feature.
“Most passwords are tied to personal identity information. When they are compromised, this can lead to identity theft,” said Jennifer Stueckler, IDShield Senior Manager. “IDShield Vault eliminates those concerns by storing passwords in a secure dashboard, and provides an extra layer of security by generating unique passwords. There is no excuse for using ‘123456’ as a password to your bank account, simply because it’s easy to remember. IDShield Vault is the solution.”
LegalShield has also announced that IDShield will now use Experian, the world’s leading global information services company, for its credit monitoring services. Members will now receive credit score updates monthly via a score tracker, and improved monitoring through eight new trigger alerts for credit activity. As part of the transition to Experian, all IDShield members will receive a free, one-time credit report.
A pioneer in the democratization of affordable access to legal protection, LegalShield is one of North America’s leading providers of legal safeguards and protection against identity theft for individuals, families and small businesses. The 45-year-old company protects more than 1,651,000 individual, families and businesses through its legal plans, while IDShield provides identity protection to one million individuals. In addition, LegalShield and IDShield serve more than 141,000 businesses. Both legal and identity theft plans start as low as $20 per month.
LegalShield’s legal plans provide access to attorneys with an average of 19 years of experience in areas such as family matters, estate planning, financial and business issues, consumer protection, tax, real estate, benefits disputes and auto/driving issues. Unlike other legal plans or do-it-yourself websites, LegalShield has dedicated law firms in 50 states and four provinces in Canada that members can call for help without having to worry about high hourly rates.
IDShield provides identity monitoring and restoration services and is the only identity theft protection company armed with a team of licensed private investigators on call to restore a member’s identity.