A guide to identity theft protection
Unauthorized collection of personal information and its use for criminal activities like opening bank accounts, acquiring credit cards, etc. is known as an identity theft. These activities can have severe consequences to the victim of the identity theft as he or she would be left with a damaged credit score, charges, and bills. There are several ways in which an identity can be stolen; however, people are particularly vulnerable to online crimes, where tech-savvy criminals gain access to the victim’s personal information using various avenues. As per the United States Federal Trade Commision, about nine million Americans are a victim of identity theft every year. Identity theft is increasing being committed electronically.

Below is some information about identity theft protection, its types, and more.

What is an identity theft protection service?

• An identity theft protection service helps avoid identity theft by scanning personally identifiable information in public records, credits, websites, or any other places.
• These services provide instant information if they notice any type of theft sign.
• Some identity theft services help you to correct problems if identity theft occurs.
• They might also offer identity theft insurance that generally covers certain out-of-pocket losses, chat room monitoring, public record searches, monitoring of black market websites, and virus protection software.

What are the different types of identity thefts?
Today, there are numerous types of identity theft present in society. Wherever there are opportunities for criminals to access as well as use your personal information for their personal benefit, this crime is possible. Below are some of the most common types of identity thefts:

• Social Security identity theft – One of the most common types of identity theft as the Social Security number (SSN) is the most valuable and important government-based identity asset for the citizens of the country. Using stolen SSN, criminals can either sell it to undocumented workers or use it to steal money or property.
• Financial identity theft – When a individual’s credit card and bank account information is stolen it is known as a financial identity theft. This information is then used to buy services and goods.
• Driver’s license identity theft – This theft does not need a expert criminal mind as the perpetrator only needs to access your driver’s license, which can be easily lost and find itself in the hands of criminals. This ID card can be sold off to another person, especially, someone who looks similar to you.
• Criminal identity theft – Another common type of identity theft, a criminal identity theft is used to commit crimes under the name of another individual.

What are the tips for choosing an identity theft protection service provider?

• Before opting for an identity theft protection company it is important to carry out a thorough research of the services that it provides.
• Typically, companies provide four different types of services, including expert support, information surveillance via the Internet and public sources, credit monitoring, and insurance.
• Using the above services, identity theft protection companies are not only able to identify an identity theft but also lessen the gravity of the damage thereof.
• Carefully review all the documents that the identity protection company provides especially regarding the services rendered, additional protection options, and costs.

Which are the best identity theft protection service providers?
Most of the best and top-rated identity protection services perform basic monitoring of your credit report, Social Security number, financials, and public records. Therefore, any of the top-rated services will do a good job. Some companies will go above and beyond in protecting you from identity theft. Some of the best and top-rated identity protection service providers are:

• Lifelock
• IdentityForce
• Identity Guard
• Credit Sesame