How do credit monitoring and identity theft protection services help prevent fraud?

Credit monitoring services work by regularly monitoring your credit reports for any suspicious activity or changes, such as new accounts being opened or inquiries into your credit history. If any unusual activity is detected, you are alerted immediately so you can take action to prevent further fraud.

Identity theft protection services typically offer additional layers of protection, such as monitoring your personal information on the internet, black market websites, and public records. They may also provide assistance in case your identity is stolen, helping you with the steps needed to resolve the issue.

These services can be effective for early detection of fraud as they provide continuous monitoring and prompt alerts. However, they are not foolproof and cannot guarantee complete protection against identity theft or fraud. It’s important to complement these services with other protective measures like secure online practices, strong passwords, and being cautious with sharing personal information.