Is the Term “ID Theft Protection” a Lie?

By
Services for Real Estate Pros with IDTheftSecurity.com Inc

If you work for an IT security company, especially in the marketing department, listen up: the phrase “Identity theft protection” is definitely way overused and sometimes abused as a term for marketing. We know that this term is used to sell products and services, but do all products and services that weave in the term ID theft protection really protect people from ID theft? No. Definitely not.

ID TheftThere is really no difference than labeling a food product as being “natural,” even though it is not “organic.” In the best case, the info is incorrect, and at the worst, it is miss leading and an outright lie.

Any business with any type of security solution claims that it can protect people’s identities. However, firewalls do not protect anyone from getting their identity taken. The same lie is told when a company marketing a thumb drives that’s encrypted, antivirus software, or even alerts for phishing scams. While all these things may help or assist and even facilitate at some level the process of protecting an identity, they are not ID theft protection. They just aren’t.

Only services that truly monitor your identity should call themselves ID theft protection services. They do this by checking up on your credit, and then scanning the internet for any type of sensitive information. These companies also look for things like you Social Security number online, and if there is a problem, they can help you fix it. And there is generally an insurance component that works towards fixing or reimbursing funds lost as a result of stolen identities.

If you currently have ID theft protection, you may get an email that looks similar to this every month:

We have been checking your credit reports from Experian, TransUnion, and Equifax, and we are happy to let you know that we did not notice any new activity. As a user of our services, we will continue to check your credit report every day for your protection. We help to protect you from any financial hassles and losses that could lead to identity theft. You can log into our website and review your status 24/7. Please click here and enter your username and password to get started. As always, our team is ready to help if you notice any suspicious activity.

This is exactly what you should expect when you choose to get ID theft protection. Do not fall for any type of fancy marketing terms. This is what ID theft protection should include:

  • Alerts: This is a warning system that notifies you when your personal info might be at risk
  • Monitoring: Constantly monitoring your privacy, identity, and credit information
  • Recovery: Experts help should your identity be compromised. They should offer 24/7 recovery service to take care of calls, paperwork, and other details.

Make sure that you are doing your research and don’t believe what you read. Instead, take the time to really understand what you are spending your money on.

ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity and Personal Protection security awareness training program.

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Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Very useful information, Robert, on the identity theft protection services... as you know, they are advertising like mad these days.

Sep 16, 2020 05:48 AM #1
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4,338,775
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Robert- very interesting. And like Nina Hollander said they're advertising all over now. It looks like the true theft protection services such as the ones that monitor your our identity actually happen after the fact. 

Sep 16, 2020 05:45 PM #2
Rainmaker
2,256,108
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Robert Siciliano - you are right about marketing.  I see that all the time.  It is easy to confuse most consumers on this topic.

Sep 19, 2020 06:32 AM #3
Ambassador
4,338,775
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sep 19, 2020 06:32 PM #4
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks for this post, Robert. It is a scary realty that we need to protect ourselves at all times to avoid Identify Theft. 

Sep 20, 2020 07:02 AM #5
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Anna Banana Kruchten CRS, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Excellent information Robert. Thank you!

Sep 20, 2020 12:24 PM #6
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Robert:

This was excellent information for us. Are there services you recommend?

Jeff

Sep 20, 2020 01:31 PM #7
Rainmaker
3,998,165
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Robert Siciliano,

 You are right tt looks like the true theft protection services such as the ones that monitor your our identity actually happen after the fact. Thank you for the info.

Sep 20, 2020 04:58 PM #8
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I am surprised that there is  identity theft  protection service these days.

Thanks for posting it.

Sep 21, 2020 04:50 PM #9
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Robert Siciliano

Realty Security and Identity Theft Expert Speaker
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