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LifeLock Announces Chief Risk Officer Ignacio Martinez

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LifeLock, Inc. (NYSE:LOCK) , a leading provider of proactive identity theft protection services, announced that Ignacio Martinez has joined the company in the newly created role of chief risk officer.

“A chief risk officer has become a best practice for companies looking to create shareholder value by taking a holistic look at challenges and opportunities across the entire business,” said Todd Davis, chief executive officer of LifeLock. Davis continued, “Ignacio is a seasoned leader who will help establish this strategic framework at LifeLock and help us navigate emerging trends including the intersection of consumer, technology and privacy.”

As chief risk officer, Martinez will set the company’s strategic risk management vision and analyze decisions that could affect the company, its business partners and its customers. The position reports to Roy Guthrie, board member and chair of LifeLock’s audit committee, and Todd Davis, LifeLock’s CEO.

With 25 years of experience and expertise in risk management, audit and strategy consulting, Martinez joins LifeLock from Protiviti, Inc., a global consulting firm specializing in finance, technology, operations, governance, risk and internal audit, where he was a founding director. Prior to Protiviti, Martinez led client accounts at Arthur Andersen, LLP, where he developed the non-attest, risk consulting practice of the firm.

“Ignacio brings broad experience in defining strategic initiatives and plans that assess the rapidly evolving identity industry landscape,” said Roy Guthrie, board member and chair of LifeLock’s audit committee.

Martinez joins other recent additions to LifeLock’s leadership team, including Schwark Satyavolu, executive vice president of product and technology; Ty Shay, chief marketing officer; and Peter Levinson, senior vice president of product and technology.

A recent study by Javelin Strategy & Research found that fraudsters stole $16 billion from 12.7 million U.S. consumers last year. With a new identity fraud victim every two seconds, identity theft is a problem for many consumers.

About LifeLock

LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive identity theft protection services for consumers and consumer risk management services for enterprises. LifeLock’s threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly-owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring. As part of its commitment to help fight identity theft, LifeLock works to train law enforcement and partners with a variety of non-profit organizations to help consumers establish positive habits to combat this threat.

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