I previous posted a link that questioned the usefulness of this service.
The conclusion was
“In short, they only give consumers limited help with a very small percentage of the crimes that can be inflicted on them,” Litan said. “And consumers can get most of that limited help for free via the government website or free monitoring from a breached entity where their data inevitably was compromised.”
Now that we have seen too many credit card breaches , these monitoring agencies are getting better business.
We seem to be averaging around 14 breaches per month
According to the article:-
The number of AAA Southern California members opting in for the club's identity theft monitoring service — whether for free or for an extra charge — boomed in January, up 58% from December and up 32% from January 2013, spokesman Jeffrey Spring said.
Intersections Inc. said its Identity Guard identity theft protection and credit monitoring service generated $42 million in revenue in 2013 and is expected to exceed $100 million by 2017
The BillGuard credit monitoring application, launched in July, uses crowd-sourced reporting from its members to issue alerts about possible payment card security concerns. Since the Target breach, the app's user base has ballooned by nearly half a million participants and identified $1 million in fraud, Chief Executive Yaron Samid said.
The links below has more information
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