With the word “Fraud Alert” coming into the scene, it is good to describe what exactly “Fraud Alert” is: 
Fraud Alert makes a pre-enquiry and takes reasonable steps to verify your identity, every time there is a request for an issue of new credit, increase in credit lines against your name.
Fraud Alert is set within an hour of enrollment for Life Lock service. Within a week or two, all the major credit bureaus will start sending you alerts on any transaction made against your name.   
With time, LifeLock gives you suggestion on how to move on and tackle the loss that identity theft has incurred on you. LifeLock reviews give you some priceless suggestion, like removing your name from the pre-approved credit cards. The efficient staffs eager to help you also set a contact between you and credit card or an important document issuing company, so that you can stop people from misusing your identity, by cancelling certain live accounts and get some of your important lost documents replaced. Next step that LifeLock systems takes to help you is to minutely check some of the criminal websites through which illegal trading of your personal information might take place.