Should You Pay For An Identity Theft Protection Service? (blog.thenewoil.org)

submitted 7 months ago by BrikoX@lemmy.zip to c/privacy@lemmy.ml

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Identity theft is a common cause of anxiety in modern society, and it's pretty justifiable. According to a recent survey from US News, almost three quarters of adults have experienced at least one case of identity theft, and 27% have experienced more than one. In 2022 there were more than 1.1 million reports of identity theft, costing Americans a total of $8.8 billion dollars with a median of $650. One-in-five respondents reported that they continue to suffer financial consequences to this day. It's no wonder that a multi-billion-dollar industry has sprung up around protecting against identity theft. But does it make sense to pay for an identity theft protection service? Or is it just snake oil?

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[-] lath@lemmy.world 3 points 7 months ago

For rich fuckers who can afford specialized individual service, sure. For poor fucks dancing to the Bee Gees every day of their miserable lives, not in the least bit.

The more generalized and mass produced service, the shittier quality it provides. Anything the poor can afford just ain't worth its price.

[-] IphtashuFitz@lemmy.world 2 points 7 months ago

I got royally screwed by the federal government personnel data breach that happened a number of years ago. As a result I have free identity theft monitoring with a really good company for the foreseeable future.

[-] drwho@beehaw.org 1 points 7 months ago

Data breaches are so common, and so many people have been caught in them, why bother paying for ID protection? It's granted a year at a time (for whatever that might be worth) for nothing to everybody caught in it. At this point, we may as well try to leave all those years of ID theft monitoring to our grandkids.

this post was submitted on 08 Apr 2024

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