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03/21/19

3 Questions Answered About Identity Theft Protection

Identity theft has evolved over the years.  As devices became smarter, access to everything from personal documents to personal data became increasingly available. With that freedom opened opportunities for hackers to strike.

It also changed the very definition of the personal data you need to protect.

We’ve answered three common ID-theft questions to demystify the changes.

1 – What is identity theft?

Identity theft is the unauthorized access to your personal data for fraudulent use. An identity thief might pretend to be someone else to gain access to bank, credit, medical or benefit data. They use this data and the access that comes with it for their own gain or profit.

Not only is identity theft a threat to the data immediately accessed, it also can lead to the access of additional accounts, credit or utility activation. Unchecked use of these fraudulently opened services can result not only in credit hits, but also debt collection action that the rightful owner of such data isn’t immediately aware of.

Identity thieves can also get a job or commit a crime under someone else’s name. Ultimately, the rightful owner of that name is the first to pay the price. It’s not easy – or cheap – to correct many cases of fraudulent identity use.

2 – Do I need identity theft service?

Once a luxury, ID-theft protection has become essential. Cases of unauthorized use of credit cards are relatively easy to remedy with credit repair, as many credit card companies offer this service as part of a cardholder’s account services.  Further, a credit card breach usually shows up on the cardholder’s next account statement, and the victim can appeal charges they didn’t authorize.

However, it becomes trickier, for example, when a social security number is involved. This is especially true when the number is stolen or bought from the dark web and the victim is a child; years can elapse without any suspicion of fraudulent activity.

Modern ID-theft services cover monitoring of your social security number. IDSeal, for instance, offers both credit and social security monitoring as part of its ID-theft plans.

3 – How many people are affected by identity theft?

Nearly 60 million Americans have been affected by identity theft!

One consumer could have multiple email and bank accounts, some they’ve forgotten over time.  That’s why IDSeal plans offer protection for as many as 10 email addresses, and monitoring service extends not only to social security and credit monitoring, but also to social media accounts and medical ID data. And your protection starts from the word GO.

Protect your family from the increasingly complex world of hackers with a plan from IDSeal today! Check out our PLANS to get started!

It is not possible to prevent all identity theft or cybercrime, or to effectively monitor all activity on the Internet. IDSeal, as with other providers, cannot guarantee complete protection against cybercrime or identity theft.

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1It is not possible to prevent all identity theft or cybercrime, or to effectively monitor all activity on the internet. IDSeal cannot and does not guarantee complete protection against cybercrime or identity theft. IDSeal does not monitor the activities of all financial institutions, or all activities of any particular financial institution. Review the IDSeal Terms & Conditions for specific details regarding IDSeal services.

2The Identity Theft Insurance is underwritten and administered by American Bankers Insurance Company of Florida, an Assurant company under group or blanket policy(ies). The description provided in the Summary of Benefits is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Review the Summary of Benefits.

3Monthly recurring pricing shown excludes applicable sales tax. By enrolling as an IDSeal member under any plan, you authorize IDSeal to charge your payment method (credit/debit card) on a recurring basis for the fees associated with your membership plan. Review the IDSeal Terms & Conditions for important information regarding your membership, including your membership term, monthly fees, and your right to cancel; and review the IDSeal Privacy Policy for information regarding how IDSeal collects and processes your information.

4The credit scores provided are VantageScore 3.0 credit scores based on data from Equifax®, Experian® and TransUnion®. Any one bureau VantageScore mentioned is based on Experian data only. Please see the IDSeal Terms & Conditions for more information on credit scores.