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- Identity theft protection is a service that helps shield people against the illegal capture of their personal data, such as name, birthdate, and Social Security number, and the use of that information to steal money or commit fraud1. Here are some key points about identity theft protection:
- It keeps track of credit reports, financial activity, and Social Security number use2.
- It monitors identity for signs of fraud3.
- It helps recover your identity if it's stolen3.
- Identity theft insurance can reimburse you for expenses related to restoring your identity4.
- Identity theft involves the unauthorized use of personal or financial information5.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Identity theft protection is an umbrella term that includes any service that helps shield people against the illegal capture of their personal data, such as name, birthdate and Social Security number, and the use of that information to steal money or commit some other fraud.www.bankrate.com/personal-finance/what-is-identit…Key Takeaways
- Identity theft occurs when someone steals your personal information and credentials to commit fraud.
- There are various forms of identity theft, but the most common is financial.
www.investopedia.com/terms/i/identitytheft.aspWhile you can take small steps to limit the amount of your personal information that's publicly available, you can also sign up for an identity theft protection service. These services will protect your identity with cybersecurity measures, monitor your identity for signs of fraud, and help you recover your identity if it's stolen.www.businessinsider.com/personal-finance/how-to …If your identity is stolen, it will take time, resources and money to reclaim it. Identity theft insurance can reimburse you for out-of-pocket expenses related to restoring your identity, from replacing lost or stolen ID to paying for lawyers to help restore your credit.www.cnbc.com/select/id-theft-insurance/Identity theft is when someone uses your personal or financial information without your permission. They might steal your name and address, credit card, or bank account numbers, Social Security number, or medical insurance account numbers.consumer.ftc.gov/articles/what-know-about-identity … - People also ask
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