Author Topic: Identity Theft Protection - Zander?  (Read 295 times)

mbjerry

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Identity Theft Protection - Zander?
« on: November 09, 2017, 06:34:51 AM »
Not sure if I am posting this in the correct spot but looking for advice on Identity Theft Protection. I currently use Zander Identity Theft Insurance. Anyone here use this service and or something similar? I primarily pay for this service because of the "100% success rate for restoring a subscribers identity to pre-theft status". Any comments on this topic in general? Just looking for some other opinions. Thanks!

EarthSurfer

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Re: Identity Theft Protection - Zander?
« Reply #1 on: November 09, 2017, 10:41:01 PM »
i doubt you are really purchasing “protection” (prevention), but rather an insurance product.

I have $50,000 in coverage under my homeowners insurance policy in a protection package that costs about $11/year.

Prevention by adding enhanced security options and using obscurity are the most effective ways to handle the threat of Identity Theft.

1. Contact all banks, credit card, and cellphone companies to request a secondary password or code for any phone transactions or account information changes.

2. Freeze your Credit Reports.

3. Consider adding a “firewall” account between your main accounts and an account specifically set up at another bank which is used for all EFTs and drafts.

4, Create an email with an obscure username & complex password to use as the log in email for all financial websites EXCEPT for the firewall account.

5. Use a password manager, and use it to generate long, complex and random passwords.

6. Use 2 factor ID on all accounts which support it. (Its critical to lock down your cellphone account for this since many 2 factor system utilize a text message sent to the phone.

I’m sure there are other steps, but this list should get you started.
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Paul der Krake

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Re: Identity Theft Protection - Zander?
« Reply #2 on: November 09, 2017, 11:35:38 PM »
It's mostly a waste of money. All they do is monitor your accounts, then place a bunch of phone calls on your behalf if something needs to be reverted.

You can do the monitoring for free with plenty of free products. Identity theft is super common place. The horror stories you read are almost always go something like:

- John Doe signs a mortgage in 2003, maybe opens a credit card in 2005
- he always pays his bills on time
- puts exactly 0 thought into his credit, because he always pays his bills on time
- a decade goes by, and his information is stolen repeatedly (he's not special, your information has likely been stolen too, whether you know it or not)
- it's 2017, john needs credit for whatever reason
- holy shit what happened here?! call MSN Money reporter and generate some FUD for credit protection businesses