Identity ProtectionBy Michael Hawthorne
The explosion of online and mobile access to every aspect of our lives has increased the risk that your sensitive financial information will be available to prying eyes. While financial and e-commerce companies spend time and resources to ensure security on their sites, there are literally billions of wireless and online transactions per day and it's impossible to foresee every gap in the system. Identity protection services have evolved to monitor these "gaps" and alert you to suspicious acitivity.
The protection products available to you fall into two broad categories: credit monitoring and comprehensive identity protection services. Credit monitoring services are provided by the three main credit bureaus and typically involve a monthly fee in the $18-23 range in exchange for alerts regarding material changes to your credit reports within 24 hours of an occurence.