Do you take advantage of all identity monitoring offers?

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chambers136
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Do you take advantage of all identity monitoring offers?

Post by chambers136 » Sat Sep 01, 2018 2:43 pm

With all of the data breaches these days, it seems like we get several overlapping offers for free identity monitoring services due to hacks, employees falling for a phishing scam, etc. Should we sign up for everything that is available or is one enough? We have all credit and checking bureaus frozen as well.

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nisiprius
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Re: Do you take advantage of all identity monitoring offers?

Post by nisiprius » Sat Sep 01, 2018 2:48 pm

In order to sign up for any of these, you have to give them your personal information. That is to say, you are implicitly assuming that "they couldn't possibly have the nerve to offer identity monitoring unless they, themselves, were highly secure and immune to data breaches themselves." I don't believe this.
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DanMahowny
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Re: Do you take advantage of all identity monitoring offers?

Post by DanMahowny » Sat Sep 01, 2018 2:51 pm

The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
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mpsz
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Re: Do you take advantage of all identity monitoring offers?

Post by mpsz » Sat Sep 01, 2018 2:52 pm

I just use credit monitoring features from my banks... in my opinion Capital One's CreditWise feature is especially good. It's emailed me within minutes of opening a new account before. I also pull my reports annually and likewise have all bureaus frozen.

I signed up for AllClearID which is what was offered after the Anthem breach. They were terribly obnoxious and unprofessional, and I don't actually feel as though they protected me at all. I suspect most of these companies go with the lowest bidder...

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unclescrooge
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Re: Do you take advantage of all identity monitoring offers?

Post by unclescrooge » Sat Sep 01, 2018 3:07 pm

chambers136 wrote:
Sat Sep 01, 2018 2:43 pm
With all of the data breaches these days, it seems like we get several overlapping offers for free identity monitoring services due to hacks, employees falling for a phishing scam, etc. Should we sign up for everything that is available or is one enough? We have all credit and checking bureaus frozen as well.
Your information had already been comprised. Either through the actions of your family, your bank, your employer, or one of the credit reporting bureaus.

The only thing worth doing is freezing your credit reports.

runner3081
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Re: Do you take advantage of all identity monitoring offers?

Post by runner3081 » Sat Sep 01, 2018 4:04 pm

As other have said, the monitoring services are a waste. I do not use any of them.

Once the new federal law about tax free credit freezes goes into place in a few weeks, we will freeze all lines.

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unclescrooge
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Re: Do you take advantage of all identity monitoring offers?

Post by unclescrooge » Sat Sep 01, 2018 4:13 pm

runner3081 wrote:
Sat Sep 01, 2018 4:04 pm
As other have said, the monitoring services are a waste. I do not use any of them.

Once the new federal law about tax free credit freezes goes into place in a few weeks, we will freeze all lines.
I had not heard. What's this about?

runner3081
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Re: Do you take advantage of all identity monitoring offers?

Post by runner3081 » Sat Sep 01, 2018 4:16 pm

unclescrooge wrote:
Sat Sep 01, 2018 4:13 pm
runner3081 wrote:
Sat Sep 01, 2018 4:04 pm
As other have said, the monitoring services are a waste. I do not use any of them.

Once the new federal law about tax free credit freezes goes into place in a few weeks, we will freeze all lines.
I had not heard. What's this about?
https://www.consumer.ftc.gov/blog/2018/ ... ing-soon-0

"Here’s what to look forward to when the law takes effect on September 21st:

Free credit freezes

What is it? A credit freeze restricts access to your credit file, making it harder for identity thieves to open new accounts in your name. Usually you get a PIN to use each time you want to freeze and unfreeze your account to apply for new credit.
What’s new? Currently, credit freezes may involve fees, based on state law. Starting this fall, it will be free to freeze and unfreeze your credit file throughout the country."

UpperNwGuy
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Re: Do you take advantage of all identity monitoring offers?

Post by UpperNwGuy » Sat Sep 01, 2018 4:17 pm

I took advantage of one offer, and after three years, I have pretty much concluded that the service is useless. The only reason why I continue is that I receive the service free of charge because a data breach.

If you have one service, other services would be a duplication.

Rupert
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Re: Do you take advantage of all identity monitoring offers?

Post by Rupert » Sat Sep 01, 2018 4:24 pm

I don't think a credit monitoring service is needed after you have frozen your credit. Just check your credit reports a few times a year via annualcreditreport.com.

stan1
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Re: Do you take advantage of all identity monitoring offers?

Post by stan1 » Sat Sep 01, 2018 6:24 pm

After a data breach a few years ago my employer offered a credit monitoring service. I was very surprised to find out that it was masquerading as a personal data collection service. The site asked for massive amounts of personal data well beyond what was breached including drivers license, passport, prior addresses all they claim in the name of helping to monitor credit. I abandoned the sign up process and tried to delete the account once I realized what their game was.

Jack FFR1846
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Re: Do you take advantage of all identity monitoring offers?

Post by Jack FFR1846 » Sat Sep 01, 2018 7:10 pm

None.

I monitor my own credit various ways. I give my info to none of these services.
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MikeG62
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Re: Do you take advantage of all identity monitoring offers?

Post by MikeG62 » Sat Sep 01, 2018 7:20 pm

DanMahowny wrote:
Sat Sep 01, 2018 2:51 pm
The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
^This
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Re: Do you take advantage of all identity monitoring offers?

Post by 2015 » Sun Sep 02, 2018 2:20 pm

MikeG62 wrote:
Sat Sep 01, 2018 7:20 pm
DanMahowny wrote:
Sat Sep 01, 2018 2:51 pm
The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
^This
Agreed. What I did.

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LIFELOCK Breach - Re: Do you take advantage of all identity monitoring offers?

Post by ResearchMed » Sun Sep 02, 2018 2:48 pm

"Lifelock Bug Exposes Millions of Customer Email Addresses"

Krebs On Security had this in July, 2018:

https://krebsonsecurity.com/2018/07/lif ... addresses/

Apparently, "The company just fixed a vulnerability on its site that allowed anyone with a Web browser to index email addresses associated with millions of customer accounts, or to unsubscribe users from all communications from the company."

"Better yet", Lifelock is now owned by Semantec! :oops:

These services do indeed provide "opportunity" for a vendor to lose control of their own customer's "safe" records.

Sure, this was "only" e-addresses. Or so they know now.
These breaches continue to be exposed as time goes on (whether they are new breaches, or old breaches newly identified).

It will be nice when the free credit freeze/unfreeze/refreeze goes into effect.
(Will there be any limit on these?)

RM
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chambers136
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Re: Do you take advantage of all identity monitoring offers?

Post by chambers136 » Sun Sep 02, 2018 4:38 pm

Thanks for the replies. I have everything frozen. The thing that made me consider the latest offer was a $1M identity restore guarantee or whatever they call these things

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dccboone
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Re: Do you take advantage of all identity monitoring offers?

Post by dccboone » Sun Sep 02, 2018 5:24 pm

No we do not. For your consideration, answer a simple question. What would you do if credit monitoring indicated your personal information was being used to open multiple accounts or was being sold on the "dark web"? We would immediately freeze our credit. And that's exactly what we did.

etherlinkage
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Re: Do you take advantage of all identity monitoring offers?

Post by etherlinkage » Mon Sep 03, 2018 6:44 am

DanMahowny wrote:
Sat Sep 01, 2018 2:51 pm
The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
This is the strategy we utilize.
Save early, save aggressively, and stay the course.

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midareff
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Re: Do you take advantage of all identity monitoring offers?

Post by midareff » Mon Sep 03, 2018 7:15 am

chambers136 wrote:
Sat Sep 01, 2018 2:43 pm
With all of the data breaches these days, it seems like we get several overlapping offers for free identity monitoring services due to hacks, employees falling for a phishing scam, etc. Should we sign up for everything that is available or is one enough? We have all credit and checking bureaus frozen as well.
First, it's hard to know which of them are really a scam to get your data easy peasy. Second, they represent one more source of info on you that can be hacked. Remember, you are not paranoid if they really are out to get you and they are. I check accounts frequently and all investment accounts are set to email for any transaction. Banking accounts notify for any transfers. All credit card accounts in US carry fraud protection.

Miriam2
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Re: Do you take advantage of all identity monitoring offers?

Post by Miriam2 » Mon Sep 03, 2018 2:33 pm

midareff wrote: First, it's hard to know which of them are really a scam to get your data easy peasy. Second, they represent one more source of info on you that can be hacked. Remember, you are not paranoid if they really are out to get you and they are. I check accounts frequently and all investment accounts are set to email for any transaction. Banking accounts notify for any transfers. All credit card accounts in US carry fraud protection.
So true, made us chuckle :D

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Re: Do you take advantage of all identity monitoring offers?

Post by mptfan » Mon Sep 03, 2018 2:40 pm

DanMahowny wrote:
Sat Sep 01, 2018 2:51 pm
The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
Agreed.

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