Does anybody in here use an Identity Theft Protection Company?
Heath S. asked about 1 year ago
in
Banktastic
I Like It!1
I was wondering if any of ya’ll are signed up with Lifelock.com, TrustedID.com or IdentityGuard.com? and if you are is it worth your hard earned money? and finally would you be more likely to use a company like this if your bank offered this service?
Mark M.
Not yet but I’ve about convinced myself I’m going to do it in the next few months. It’s cheap and if I’m going to pay the money I do for car insurance, having never been in an accident, $10/month to cover me in case of ID theft seems well worth it.
As for my FI offering the service, I would probably not use them for a few reasons:
Heath S.
Good points Markus…but what is your perceived conflict of interest?
Mark M.
Heath,
My thoughts are that if the bank I had my ID theft protection with, was, through one of their non ID protection departments, in some way responsible for a breach of my information, the way that bank alerts me of that breach might be different than the way a 3rd party service would.
It probably has no salt to it, but like I said, for me it’s a perceived conflict of interest.
Heath S.
I can see your side now, but I actually LIKE a single point of failure. This way if my identity does get stolen I can only point the finger at one entity instead of at my bank, credit card, online services, etc. Back to your point about my bank alerting me different than a ID Theft Insurance company….My bank better let me know about a breach ASAP or they will lose my deposits.