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.
