A new study by market research firm Javelin Strategy & Research has recognized LegalShield as an industry leader in identity protection services.
The legal services provider appeared in Javelin’s 2015 Identity Protection Services Scorecard for the direct-to-consumer market. Based on its annual study of the market, Javelin evaluated providers in the three categories of prevention, detection and resolution. The 2015 scorecard named Ada, Oklahoma-based LegalShield an Identity Protection Services Leader in the prevention and resolution of fraud.
The study shows that Americans spent more than $1.4 billion on ID protection subscriptions between late 2013 and 2014—in addition to the 23.9 million individuals who held a free subscription. More than 1.4 million members have signed up for LegalShield’s services, which include 24/7 legal counsel and identity theft protection. Altogether, its coverage extends to 3.7 million lives.