Another common question I get is if identity theft coverage is worth it?
Most people who ask this question don’t really appreciate how vulnerable they are to identity theft. In this day and age it’s absolutely reckless not to carry some kind of identity protection. Here’s why:
Advancements In Technology Have Increased The Risk Of Identity Theft
Today we have services like online banking and the average family carries at least 3 credit cards. With an ever increasing amount of our transactions being conducted online, we open ourselves to sophisticated identity theft attacks like phishing or data breeches.
Even if you don’t purchase anything online, most if not all of your information is already out there. Have you ever filled a credit application for a home loan or car? Do you know how many people have seen your application? How about your health records? Last year alone, there were over 100 million data breeches by large companies and institutions.