Z Cherry Blog

Solve Growing Threats of Identity Theft With LifeLock

June 21st, 2008

Identify theft is an increasing crime all over the world.  In 2007, there were over 10 million identity theft victims in the United States and $49.3 billion in losses to businesses and individual victims.  Those figures concern with the U.S. alone.While there’s no fool-proof step to avoid identity theft as organized theft rings are almost always one step ahead of everybody, there are some identity theft protection plans being offered by financial institutions which reimburses for out-of-pocket expenses up to a certain dollar amount and helps with the process of contacting creditors, writing affidavits and filing reports. Some individual companies like LifeLock also offer identity theft protection plans for a monthly fee. These plans offer more features such as fraud alerts, credit monitoring, identity theft insurance coverage, stop of pre-approved offers, and scanning the Internet for misuse of your credit card and social security numbers.The bottom line is to avail of identity theft protection as early as possible.

Entry Filed under: Business