Identity theft is where fraudsters assume your identity in order to access your bank account, take out new loans in your name, use your credit cards or carry out other criminal activities using your name.

Having your identity stolen can obviously be extremely damaging to your life as you may lose your money and end up in serious debt without any knowledge of what’s happening. By the time you realise that you’ve been attacked in this way, your life could have been wrecked and getting your identity back can be a long and painful process.

Lifelock is an American company that advertises heavily in the field of Identity Protection.

Lifelock say they leverage unique data, science and patented technology and provide identity threat detection, proactive identity alerts, and comprehensive remediation services. They claim to have more than four million members.

Lifelock offers three layers of defence.

1.       DETECT & ALERT

The technology scans millions of transactions every second for threats to your identity, i.e. for unauthorised use of your identity.

2.         RESTORE

If identity theft occurs, then a U.S-based Identity Restoration Specialist will work to resolve your identity theft problem.

3.         STOLEN FUNDS REIMBURSEMENT

They reimburse stolen funds depending on the level of your plan i.e. how much you pay (the 3 limits are $25,000,  $100,000 and $1 million cover)

If identity protection is a serious concern for you, then a service such as Lifelock may be of interest to you.

But, you would still need to be cautious and use common sense as Lifelock doesn’t prevent identity theft – just makes it easier to catch and resolve the problem afterwards.

Do click on the Facebook or Twitter icons on top right to follow Fight Back Ninja.