While the internet has undoubtedly enriched the lives of millions of people in countless ways, it has also helped foster a culture where identity theft is both real and rampant. This kind of fraud isn't looking to die down anytime soon, either. As long as people and companies are willing to put their personal or financial information online, there will be cyber thieves chomping at the bit to steal it.
Luckily, there are a few solutions available to help you do something about it, but they don't all offer the same amount of coverage. Below, take a look at some of the key features offered by Identity Guard® and LifeLock®.
LifeLock AdvantageTM grants customers alerts for checking and savings account applications, bank account takeovers, credit account applications, and more. However, the credit report and score updates are only available once per year. LifeLock service also includes a $1 million service guarantee.
With Identity Guard Total Protection®, customers are issued credit reports and credit score* updates from all three of the major credit reporting bureaus - TransUnion®, Experian®, and Equifax® - on a quarterly basis, providing you with a comprehensive overlook of your credit history. Identity Guard also provides a slew of other features, such as Social Security Number monitoring, lost wallet protection, keystroke encryption, password vault protection, ID verification alerts, and $1 million in ID theft insurance**.
Although Identity Guard and LifeLock have a similar plate of options to provide customers, Identity Guard ultimately offers just a little bit more with more frequent credit report and score updates as well as identity theft insurance, compared to Lifelock's service guarantee. While customers concerned about ID theft can certainly make do with LifeLock, Identity Guard is the more comprehensive package.