Identity Theft Protection
There are approximately 9 million people that experience stolen identity each year, according to the Federal Trade Commission. Identity Theft coverage protects you from hackers who can steal your identity and open up credit cards and lines of credit in your name. The other thing this coverage can help you prevent is a hacker’s ability to sell your information to other hackers in what is known as the dark web. It’s hard to believe, but there are people constantly buying and selling social security numbers on the dark web to use for fraudulent purchases. The only way to stop this is with identity theft coverage.
We partnered with a company called Identity Guard (AURA) as the top identity theft coverage plan for several reasons.
- They have the fastest response time with the three credit bureaus. This is important for quickly identifying if someone is trying to access your credit or open loans in your name.
- They offer a $1,000,000 insurance policy to protect you if something were to go wrong.
- They have the fastest notification process that we have seen among all the top Identity Theft programs in the United States.
Having Identity Theft coverage means they are constantly scanning the dark web and other databases to make sure your personal information has not been exposed. If your information is ever exposed, you are notified instantly through “Quick Alerts” and given an action plan on how to prevent fraudulent transactions with your personal data.
Identity Theft Coverage in a Nutshell
You probably realize the value in this coverage. However, if you are like a lot of consumers you are wondering “How can Identity Guard protect someone’s information from being stolen?” Here’s a great example of how it works:
John Doe filled out a form online for what he thought was a free subscription to Amazon Prime. It ends up, John filled out a hacker's form on the web that was collecting people's information and selling it on the dark web. There isn’t anything Amazon can do to prevent John from accidentally giving his information out. However, if John’s information does get put on the dark web, there are companies that can notify you. Identity Guard can prevent a credit line from being opened in your name and they will also give you steps to take to prevent your identity from being stolen as well as accounts that are trying to be opened in your name. This includes sites that you may need to change your username and password.
Things to compare among companies offering coverage:
- How quick do they notify you that your information has been compromised?
- Do they offer insurance coverage to help if your information is stolen?
- What methods do they use to notify you that your information has been compromised?
We hope this helps give you a brief overview of the importance of identity theft coverage.