Identity theft is a global problem that becomes increasingly more sophisticated as technology paves the way for new types of fraud. According to a 2020 Identity Fraud Study from Javelin Research, fraud victims lost a total of $16.9 billion in 2019, with the most prevalent problems being existing card account fraud and account takeover. Mobile phone takeovers are also on the rise, and more and more identity theft victims are left covering fraud-related expenses out of their own pockets. With these statistics in mind, it’s no wonder many consumers choose to pay for identity theft protection services. Forbes Advisor compared the top identity theft companies to come up with this ranking, and we found that many companies offer high-quality services for a reasonable price.

Source: Forbes August 19, 2020 09:01 UTC