Do Identity-Theft Protection Services Work?

Are identity-theft protection services worth it? Do they actually work as advertised? What do they actual do that you can’t do on your own?

One method of identity theft that you can't directly guard against is a data breach against a company--such as a bank--that you do business with. According to the Identity Theft Resource Center, 498 such breaches occurred in 2009. Often criminals will sell personal information harvested from data breaches to other crooks on online black markets. Criminals could use your identity for anything from opening bank or credit card accounts to seeking medical care using your name.

Comments