![]() ![]() The report also shows that total identity fraud losses climbed to $56 billion (USD) in 2020 and that hackers and identity thieves have increasingly moved toward contacting their victims directly to ensnare them.Īs the report from Javelin says, “a noteworthy characteristic of identity fraud scams is that consumers often recall the moment they interacted with a criminal through a text, call, or email.” How does ID Theft Protection Work? The 2021 Identity Fraud Study from Javelin revealed that fraudulent activity and data breaches cost consumers $43 billion in losses in 2020 alone. Unfortunately, identity theft is becoming more costly each year, and fraudsters are still finding new ways to get their hands on personal details, such as your driver’s license or SSN, which they can use to commit fraud. Not only can ID theft damage your credit file, but it can cause victims of identity theft considerable stress as they work to restore their identity. They may use that information to apply for a credit card or payday loan in your name, or they could file your tax return and try to get your refund. What is ID Theft?Īccording to government resources, identity theft takes place when someone steals your personal information to commit any type of fraud. Keep reading to learn how identity theft works, how identity theft companies can help you prevent fraud, and what to do when your identity is stolen. Whether your goal is avoiding identity theft scams online or securing some identity theft protection insurance, the best identity theft monitoring services can help you along the way. Protect Your Identity Identity Theft Guide Click below to begin protecting your identity. Identity Guard offers comprehensive Identity Theft Protection Software at a great price. Up to $1 million in coverage for stolen funds from a 401(k) or HSA $1 million in coverage for identity theft $1 million in coverage for identity fraud $1 million in coverage for stolen funds reimbursement $25,000 to $1 million in coverage for stolen funds reimbursement ![]() $1 million in coverage for lawyers and experts $1 million in coverage for stolen funds reimbursemen *Family plans are also offered at slightly higher rates Free Trial *Family plans are also offered at slightly higher rates *Family plans are also offered at slightly higher rates. Best Budget Protection Best Mobile App Best Family Coverage Best Free Trial Best for 401(k) and HSA Fraud Identity Guard LifeLock ReliaShield IDShield ID Watchdog Our Partner Our Partner Our Partner View Plans View Plans View Plans View Plans View Plans Plans Offered ![]()
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