Last year, the Federal Trade Commission accused LifeLock of making false and misleading claims that it could provide fail safe protection against identity theft. Those who receive the checks as part of the settlement need to cash them within 60 days.
"Consumers who are eligible for these refunds, and anyone who've done business with LifeLock since 2006. So you don't have to be a current customer. If you were a prior customer and wised up to the fact these monitoring services are bogus and worthless, you can still get your $10.87 check," says Joe Ridout from Consumer Action.
Many consumer advocates have long advised that people can protect themselves from identity theft for free.