Overivew of Identity Theft Services

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It seems like every time we turn around there is news about another security breach involving people’s personal data. With the increase of new technology like social media, email and smart phones has opened new doors for identity thieves who are able to get a hold of personal information for their own financial gain. Identity theft is a growing problem, and it has increased over the years. Robert Douglas an identity theft expert claims that “approximately 15 million United States residents have their identities used fraudulently each year with financial losses totaling upwards of $50 billion (Based on a range of information gathered from public and private resources) (Douglas par.1). The first thing that comes to mind when hearing about security breaches is how can we protect ourselves from identity theft? Well, there are many ways people can protect themselves from identity theft most choose identity theft protection services. These services help monitor and alert consumers when someone applies for a loan or opens new lines of credit under their name. These services can be purchased for a monthly or yearly fee depending on the company. Identity theft protection services are expensive, they over-promise, and provide a false sense of security, misleading in what they can really do. Identity theft is when a person steals another’s personal information such as name, mother’s maiden name, home or postal address and uses that information without that person’s permission. Thieves use the information to get loans, buy cars and even purchase houses under their name. These thieves can also get a hold of credit cards and even mail that is left outside in the mailboxes.
A study done by the Consumer Federation of America reveled that c...

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...& Western Arizona, n.d. Web. 26 Apr. 2014. .
Ceelizic, Mike, et al. "ID theft CEO has identity stolen - today > news." TODAY.com. NBCNEWS.COM, 23 May 2008. Web. 26 Apr. 2014. .
Douglas, Rob. "Identity Theft Statistics: 15 million victims a year | www.IdentityTheft.info."IdentityTheft.info/ Identity Theft Victim Statistics. N.p., n.d. Web. 25 Apr. 2014. .
Federal Trade Commisions. Fair Credit Reporting Act | Federal Trade Commission. N.p., 2012. Web. 26 Apr. 2014.

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