How do identity theft protection services differ from credit monitoring services?
Credit monitoring is only one part of an identity theft protection service. A good service should include prevention, detection and resolution services. Protection: When shopping for a service, look for expert advice and best practices to help you reduce your risk of identity theft. Some services may offer security software as well. HSBC’s Identity Protection PlanSM offers a monthly newsletter, hacker alerts, plus award-winning antivirus and personal firewall software. Detection: Credit monitoring is an important part of any security service. HSBC’s Identity Protection PlanSM provides monthly credit reports that alert you to new inquiries, new accounts opened in your name or derogatory information. Resolution: If your identity has been stolen, resolution service can reduce the time, trouble and cost involved in restoring your identity. A personal fraud resolution expert, letters to creditors, identity theft insurance to cover costs incurred and a lost/stolen card notification service a
