Understanding the Importance of Identity Theft Protection

As we continue to live more of our lives online, identity theft remains a persistent challenge. According to the Federal Trade Commission, identity theft made up 19% of nearly 5.4 million consumer complaints in 2023, with more than 1 million incidents reported. This alarming statistic underscores the importance of identity theft protection services.

Benefits of Identity Theft Protection Services

Identity theft protection services can alert you to unauthorized activity on your credit reports and notify you if you’ve been exposed in a data breach. Some services also scan public and hidden websites for exposed data, help reclaim your identity if it’s stolen, and offer insurance to cover financial losses in the event of identity theft. Here are some key benefits:

Automation

Cybercrime experts recommend regularly checking bank and credit card statements for signs of suspicious activity. Identity theft protection services can keep an eye on your personal accounts continuously and alert you when there’s potentially suspicious activity.

Credit Monitoring

Identity theft protection can alert you proactively to new entries on your credit reports at the three national credit bureaus (Experian, TransUnion, and Equifax), so you can respond quickly to unauthorized activity.

Dark Web Surveillance

Identity theft protection services that scan the dark web for the presence of your data can alert you if you’ve been exposed, so you can update security settings and keep watch on vulnerable accounts.

Privacy Scans

A privacy scan audits and automatically removes your information from “people search” websites that list public information identity thieves can use to supplement stolen data.

Identity Theft Insurance

Identity theft insurance provides coverage of up to $1 million to reimburse expenses incurred through identity theft such as legal fees, lost wages, dependent-care services, and other miscellaneous charges.

Social Security Number Trace Alerts

SSN trace alerts let you know if your number appears on illicit lists or websites, helping you take action before any damage is done.

Is Identity Theft Protection Worth It?

You can detect many signs of fraudulent activity on your own by checking your credit reports for free every week at AnnualCreditReport.com and scrutinizing your bank and credit statements carefully each month. However, if you’re unable or unwilling to do so consistently, identity theft protection services can provide peace of mind by performing those checks automatically and may provide additional services such as scanning for signs your personal information is at risk.

How O1ne Mortgage Can Help

At O1ne Mortgage, we understand the importance of protecting your identity and securing your financial future. Our team of experts is dedicated to providing you with the best mortgage services to help you achieve your financial goals. Whether you’re looking to buy a new home, refinance your existing mortgage, or need advice on protecting your financial information, we’re here to help.

Contact us today at 213-732-3074 for any mortgage service needs. Our experienced loan officers are ready to assist you with personalized solutions tailored to your unique situation.

Conclusion

The risk of identity theft is all too real, so it’s important to watch your credit reports, bank, and credit accounts for suspicious activity. Identity theft protection services can simplify that process and provide additional peace of mind. At O1ne Mortgage, we’re committed to helping you protect your identity and secure your financial future. Call us today at 213-732-3074 to learn more about our mortgage services and how we can assist you.