Let me ask you something.
When was the last time you seriously thought about bolstering your online identity security?
If you’re like most people, I’m pretty sure it was in the distant past.
Guess what? You’ve just made the hacker’s job a lot easier.
You might be thinking “I just changed my password last month!”.
Well, that is far less than what you should be doing to keep yourself safe from online fraud and identity theft. And when you consider the massive scale and frequency of such attacks in the recent past, taking proactive security measures becomes all the more important.
You see, the convenience of our modern way of conducting business comes at a steep price – surrendering our sensitive information. This leaves the door wide open for hackers and fraudsters to pounce on your personal data and cause serious personal and financial damage.
Today, I’ll discuss identity theft and why you shouldn’t take it lightly. I’ll also share my thoughts and experiences with two very well-known identity protection service providers, IDShield and LifeLock, so you can choose the one that fits your needs.
Could we add a link here to reference the scale?
All about identity theft
What it is and how to guard yourself against it?
Identity theft is exactly what it sounds like. Someone swoops in to steal your personal and financial information to dent you financially or socially, by tarnishing your reputation.
We strongly recommend thoroughly going over the following points to keep yourself and your family safe. Better yet, print out a copy and stick it to your refrigerator:
Why invest in an identity protection service?
Most people look at it as an added cost. But actually, it’s an investment. One that will accrue a return on investment many times over, both in terms of financial safety and peace of mind. Here are a few compelling reasons that should easily convince you to subscribe to an identity protection service:
What matters while choosing an identity protection service?
Here’s what to consider when choosing your service provider:
A detailed comparison: IDShield vs. LifeLock
Both of these systems have their advantages and drawbacks. Let’s see how they stack up against each other.
Here’s a quick rundown if you’re not big on details.
What you get
Starts at $12.95/month
Starts at $11.99/month
Identity theft insurance
3 bureau credit reports
Discount for annual payments
Yes – free IDShield app
Yes – free LifeLock app
60-day money-back guarantee
Similarities between IDShield and LifeLock
Differences between IDShield and LifeLock
Here’s an in-depth look at what IDShield has to offer:
Features and services
IDShield has been in business for 15 years. It operates across 50 US states and 4 Canadian provinces, with a customer base close to 1 million. It is owned and run by its parent firm, LegalShield, which provides legal coverage against unexpected traumatic experiences.
IDShield boasts quite a comprehensive list of security features, such as unlimited consulting, $1 million identity theft insurance, 12-month credit score tracking history, 24-7 access to customer support, licensed private investigators, 24-7 credit monitoring & alerts, dark web surveillance, financial account monitoring, payday loan monitoring, credit report disputes, sex offender alerts, court records & bookings and SSN monitoring.
IDShield pricing and plans
IDShield has categorized its plans into individual and family plans.
The plans are divided into 4 sub-categories. The basic features (as explained above) are the same across all plans.
The key differentiating factor is the level of credit monitoring you can choose with each plan.
You can either choose credit monitoring from a single agency or all 3 agencies. Here’s a closer look at their offer:
The downside is that there are no bulk signup discounts or risk-free trial periods.
IDShield recovery process
IDShield offers quite a robust and somewhat unique information- and fraud-recovery process for identity theft victims. Let’s take a closer look.
The process starts with an alert if there’s an attempt to access your information. If the breach has indeed taken place, you will receive a confirmation call from an IDShield representative. A threat-specific case will be opened and you will be assigned a licensed private investigator who will work with government agencies, financial institutions, credit bureaus, and collection agencies to recover your stolen identity. This is something no other identity protection service offers.
Here’s an in-depth look at what LifeLock has to offer:
Features and service
LifeLock is a giant in the ID protection industry. Millions of people have entrusted their identity and financial security to the seasoned LifeLock team. It offers multiple layers of security, encompassing bank accounts, credit score monitoring, and other sensitive information.
Moreover, if you have been a victim of identity theft, you can rely on their effective recovery framework to help you retrieve the compromised information. It will also provide you with legal assistance and insurance coverage of up to $1 million.
LifeLock pricing and plans
Pros and Cons
Decent insurance coverage: You’re eligible for up to $1 million for financial loss from identity theft.
No free trial: You cannot try their services risk-free and there are no money-back guarantees.
Access to a licensed private investigator: You will be assigned a licensed private investigator who will work on your case to recover your stolen identity.
Hard to cancel: With most other ID protection services, you cancel your membership online. That’s not the case with IDShield.
Good value for money: The comprehensive list of security features and services at its given price-point makes IDShield a worthwhile option.
A solid family plan: You can add up to 10 children with their family plan.
Free Android and iOS app: You can download the free IDShield Plus app which makes it easy to monitor your data on the go.
Reliable customer support: You’ll be given round the clock phone assistance.
Money-back guarantee: If you have signed up for their annual plan, you have the ability to ask for a complete refund within 60 days.
Expensive family plan: You’ll need to shell out extra for complete family coverage. Your spouse has to sign up for their own plan, plus there are additional monthly charges for each child.
Reliable insurance coverage: You’re eligible for up to $1 million for financial loss from identity theft.
Annual price increase: You’ll have to pay an extra dollar per month for any plan you subscribe to after 1 year.
Generous personal expense compensation: You will also receive a personal expense compensation package ranging from $25,000 to $1 million, depending on the plan.
Identity Restoration Service is accessible during working hours only.
Reliable customer support: You’ll be given round the clock phone assistance.
Dedicated identity restoration department: If your information gets stolen, they will thoroughly guide you and oversee the entire account restoration process.
If you’re looking for an ID protection service that offers the best of both worlds in terms of price and reliable identity protection, IDShield should be at the top of your shopping list. And when you add in its comprehensive feature suite, the 10-children family plan and access to a private investigator, the overall package becomes quite compelling for the price. There are some caveats though, such as their complicated cancellation process.
On the other hand, Lifelock offers its own set of benefits. First of all, their personal expense compensation package is unmatched, with up to $1 million expense coverage depending on the plan. They also provide a generous money-back guarantee. If you sign up for their annual plan, you can easily cancel your subscription within 60 days.
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