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You should not buy identity theft protection that only provides credit report monitoring.TrueFalse

Question

You should not buy identity theft protection that only provides credit report monitoring.

True
False

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Solution

This statement can generally be considered True.

Explanation:

  1. Identity theft protection services that only offer credit report monitoring do not provide comprehensive protection. While monitoring your credit report can alert you to changes or new accounts opened in your name, it may not fully safeguard against various forms of identity theft.

  2. Effective identity theft protection services should also include additional features such as:

    • Dark web monitoring
    • Identity restoration services
    • Fraud resolution assistance
    • Insurance against losses from identity theft

Therefore, relying solely on credit report monitoring may leave individuals vulnerable to identity theft that does not immediately affect their credit score.

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