
What Are the Benefits of Identity Theft Protection? But no one is invincible, that's why an identity protection service is the best way to reduce the risk of facing complex issues that could negatively affect your credit score, hurt your financial assets, or inflict long term damage to your credit file.
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Most people don’t even realize they’re the victim of identity theft until they are denied a loan, receive letters from debt collectors or fail a background check for a new job.īecause scammers have become so sophisticated, you should learn how to recognize the warning signs of identity theft. Identity thieves have learned how to open up credit cards, car loans, or even home titles in your name! Synthetic identity fraud is also on the rise. And the problem is that no one believes it can happen to them - until it’s too late.

Without an identity theft protection service, you are vulnerable. Identity theft in 2021 reached extraordinary new levels, as incidents in the United States increased by 68%. Is Your Information Exposed? Try Identity Guard's Dark Web Scannerĭo I Really Need Identity Theft Protection?Īccording to CNBC, 49 million Americans fell victim to identity theft in 2020-losing a combined total of $56 billion. They will guide you through the damage control process and explain how insurance may cover eligible losses. If you’re targeted, your identity theft protection service can provide the help of professionally trained fraud remediation specialists. Most services will help you detect identity fraud by offering social security number monitoring, Dark Web monitoring, credit monitoring, as well as monitoring your name and email address against known fraud databases. While 100% identity theft prevention is impossible today, these id theft protection services help reduce the possibility of identity theft, while making the fraud recovery process a lot easier in the event you are a victim of fraud. Most identity theft protection services offer credit monitoring and transaction monitoring, along with an identity theft insurance policy. Identity theft protection services can monitor your credit and personal data - notifying you with fraud alerts if any suspicious activity is detected. What Is An Identity Theft Protection Service?

This guide will help you determine which option is the right choice to protect your identity. Let’s compare these two leading identity theft protection services, and review their features, performance, and pricing. Without an identity theft protection service - your Social Security number (SSN), bank accounts, credit cards, social media profiles and beyond are left vulnerable.Ĭompanies like Identity Guard and LifeLock help you monitor your registered personal information to help prevent identity theft and offer support like identity restoration and fraud remediation if you are the victim of identity theft. In 2021, online fraud attempts have increased by 25% in the U.S. Nearly 50% of Americans fell victim to identity fraud in 2020, mainly due to increased cybercrime and online scams.

Your sensitive data has never been more at risk.
