IDShield Ranked Best Overall Identity Theft Protection Service
Written by: Julia Von Bargen | guardwhatmatters@gmail.com | IDShield
Protect your identity with the best- It's also affordable. IDShield’s Individual 3 Bureau Protection Plan has been selected as Forbes Advisor’s “Best Overall” Winner for 2021. Additionally, the Family 3 Bureau Plan is recognized as “Best for Families".
Why We Picked It:
The IDShield Individual 3 Bureaus Plan offers the main things you’d expect from a premium ID theft protection service like notifications regarding changes in your activity with the three main credit bureaus, bank accounts, credit cards, loans and other potentially suspicious activity committed in your name. But what makes it unique is the breadth of coverage you’ll receive encompassing lesser-covered yet still important items like your 401(k), court records and telecom data.
Identity theft is becoming increasingly more sophisticated as swindlers deploy an ever-evolving array of techniques and tools to hijack your personal information. If successful, a fraudster can use your identifying information to open credit accounts, file a tax return or assume someone’s identity in its entirety.
It’s no longer enough to just ignore a call from an unfamiliar number. Sophisticated scammers use phony emails (“phishing”) text messages (“smishing”) and voicemails (“vishing”) to entice you to divulge certain details.
According to a 2020 Identity Fraud Study from Javelin Research, fraud victims lost a total of $16.9 billion in 2019 with many victims left covering the expenses out of their own pockets and spending hours to repair the damage. When you consider the time and expense involved, it’s not surprising that many consumers choose to pay for identity theft protection services.
Although no identity theft protection company is 100% foolproof, they will notify you if they detect that someone has used your personal details to open an account in your name and most offer a high level of insurance that will cover the cost of recovering your identity if you’re a victim. Many of these companies will regularly review your credit reports to check for suspicious activity and may also monitor the dark web and public records to any errant uses of your Social Security number and other information.
Forbes Advisor compared the top identity theft companies to come up with this ranking, and we found several companies that offer high-quality services for a reasonable price. If you’re worried about protecting your identity, keep reading to see how these companies stack up.
Read the full article here: https://www.forbes.com/advisor/personal-finance/best-identity-theft-protection-services/