ProtectMyID Voted Top Credit Monitoring Program



ProtectMyID is a newcomer to the identity theft protection scene, but it is backed by Experian, which is a leading credit monitoring agency in the United States. Combined with Experian’s expertise in the area, ProtectMyID offers customers credit monitoring services which are second to none.

Protect My ID Features

Given ProtectMyID’s parent company, it’s little wonder why they have the best credit monitoring service available on the market today. However, this is not their greatest feature.

ProtectMyID backs all of your credit and debit cards, so that if any unauthorized charges are made against them, you won’t be liable for them and ProtectMyID will cover the cost.

This excellent protection also extends to your children, which means they are protected as well.

Recovery

Since identity theft can occur with even the best protection, its important to have insurance against it. ProtectMyID offers $1 million in insurance against just such thefts as long as you remain their customer. This means any costs which accrue as a result of reclaiming your identity will be covered by ProtectMyID. In addition, you’ll also have Experian’s Fraud Resolution Department working with you to determine what happened.

protectmyid

Customer Support

Great protection is nothing without great support, and ProtectMyID aims to provide the best support available. You can reach them seven days a week from 6am to 6pm on weekdays, and 8am to 5pm on weekends via phone, or 24 hours a day via email support.

Reputation

ProtectMyID pulls from Experian’s extensive credit monitoring knowledge in order to provide the best identity theft protection available on the market today. With this massive pool of knowledge, you can be sure you’re getting the protection you need.

Discounts and Pricing

Currently, ProtectMyID’s services start at just $9.95 a month, but you will receive a free 30 day free trial to determine if you’d like to stick with the service.

 

How To Choose The Best Identity Theft Protection

In this modern era of data breaches (Home Depot, Target, Nordstrom, etc…) there are a plethora of companies that purport to protect you; unfortunately, they do not all offer you trustworthy service and security. We have reviewed and judged – on four standards – the most popular companies out there.

Security – A solid company will offer thorough fraudulent activity notices to go with their fraudulent activity detection services. Safeguards are in depth to cover the wide breadth of product services offered by a company.

Reputation – You need to be able to trust companies that you deal with. We rank companies based on customer satisfaction and their service histories. The reputation category will take into account the different amounts of experience that company staff has compiled.

Recovery – Can companies stop your identity information from spreading once it has been stolen? We gave credit for companies that provide assistance when you need to file reports, recover stolen data, and dispute transactions that you did not authorize.

Customer Service – Communication with a real person is always key when fraud may be detected. Quick actions are a necessity! High scores and kudos are given to those companies without phone prompts, long waiting queues, and inexperienced staff.

 

The Most Common Types Of Identity Theft




One of the reasons why identity theft is so prevalent these days it that it is actually very easy for thieves to access the personal data of others, and many of the common methods for this are quite low tech, and incredibly effective.

Shoulder Surfing
PIN numbers are an excellent security method for plastic cards, and much safer than the old methods of signatures that could be easily faked.  However many thieves are adapt at ‘shoulder surfing’, which basically means standing behind you when you use your card at the cash machine or check out, and memorising your card details and PIN numbers.  They will then attempt to steal the card you have been using, or if they have managed to get your credit card number in full they can simply use your card remotely to pay for goods or services over the phone or online.

Dumpster Diving
This is still the most common way in which thieves access the personal information of others, and is very simple and very effective, as over 70% of all household’s still throw valuable documents into the rubbish without shredding them first, such as credit card bills, bank statements, and mobile phone bills, and regardless of whether these are out of date or not they still contain a great deal of sensitive personal information that thieves can use to carry out fraudulent crimes.

Mail Theft
Thieves can also attempt to intercept your mail before it gets to you, either by infiltrating the mail service itself or bribing existing employees to work in their behalf, or stealing it directly from your mailbox, porch or apartment hallway.  Shared accommodation is very vulnerable to this sort of theft as the mail often just gets dumped in an open, communal area whilst awaiting collection by individuals, so you must make sure you have received all of your bank statements and bills every month, and if any are missing chase them up.  If you are unsure about the security of your mail, and are expecting an important item such as a new credit card or checkbook, it can be a good idea to get this delivered to your local branch or post office for you to pick up in person.

 

What To Do If You Think Your Information Has Already Been Comprised

Identity theft could affect anyone at anytime, so it is important that you are prepared and have a checklist ready to go, listing all of the relevant authorities and organizations you need to contact.  By reporting identity theft quickly you can help to minimise the affects of the crime on your own finances and good name, and you could also help the authorities to track and prosecute these crimes more effectively – credit protection.

Identity Theft Checklist

Checklist of Authorities

You should contact the Federal Trade Commission (FTC), as under the Identity Theft and Assumption Deterrence Act this department is responsible for processing complaints about identity theft and referring cases to any relevant authorities such as law enforcement officials and credit bureaus.  The FTC also provides lots of practical advice on how to protect yourself against identity theft and also what steps to take if you do become a victim of these crimes.  You may also want to contact your local police department in the event your identity has been compromised, especially if you have any ideas on how this happened and who may have been involved, and as identity theft is a serious crime and could involves significant levels of fraud the FBI and the Secret Service may also be notified.  If you have become a victim of tax fraud then you will need to notify the Internal Revenues Service (IRS) using their fraud hotline on 1-800-829-0433 and if your Social Security Number has been stolen you will also need to contact the SSA.

Checklist of Account Providers



If your identity has been stolen you will need to carry out a check of all of your personal financial accounts in order to ensure that none of them have been tampered with.  Make a list of all of your accounts and the fraud hotlines and contact details for each provider, so that you can contact them quickly to report identity theft.