Identity theft is a serious crime where identity thieves steal personal or financial information like Social Security Numbers (SSN), Credit Card information, and bank account numbers of customers to commit various frauds. Consequentially, the victims are left in major financial distress, their reputation is tarnished and their credit rating is ruined. The most common motive behind identity theft is financial. The best way to stay safe is with the use of identity theft protection. Read on to learn more about how identity theft protection solutions.
Identity Theft Protection
Identity theft protection protects people from fraud and illegal practices and helps safeguard their personal data, financial data and Social Security Numbers. The demand for these services is on the rise in today’s business world. Identity theft protection professionals keep track of their client’s financial activity, credit reports and the usage of Social Security numbers and easily identify any suspicious activity. They also make you aware of the same and minimize damage as much as possible.
Benefits of Identity Theft Protection
These solutions can prevent the worst from happening by preventing fraud and giving you peace of mind. The programs monitor your credit and the dark web, alert you if sensitive information is stolen and may also allow you the choice to lock or unlock your credit reports instantly. Identity theft protection services are even used by corporates to safeguard the interest of their employees. Let’s go through the various benefits in detail.
Reduced Risk of Corporate Identity Theft
As mentioned above, the demand for identity theft protection solutions is no longer limited to just individual customers. Several corporates now seek the help of identity theft protection professionals since hackers can easily penetrate an organization’s information systems through their employee’s personal accounts. In such cases, both the employees’ and the companies’ risk of identity theft increases.
Credit reports include a list of consumers’ credit and loan accounts. They also include information regarding late payments, bankruptcy filings or foreclosures. These are all sensitive information that shouldn’t go into the wrong hands.
Credit-monitoring services monitor your credit report at one or all three of the major credit-reporting bureaus (Equifax, Experian and TransUnion) and alert you of any suspicious activity.
Identity monitoring solutions can hunt down all sorts of public records, such as property and arrest records, social media sites and more for any activity that is linked to your name, address or other personal information. You will get an alert instantly if your personal data has been tampered with or your login credentials exposed.
Identity Theft Insurance
You could also consider identity theft insurance. It offers coverage against stolen funds and helps victims recover the cost of restoring their identity. This may include reimbursement of legal fees, phone bills, notary fees, mailing costs and more.
Not sure whether you should opt for identity theft protection services? Get in touch with Briteside Solutions to learn more about how you can benefit from these solutions.