Industry News combats identity theft

E-mail updates alert consumers of personal data changes

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017, a division of Fair Isaac Corp., announced the launch of myFICO Identity Theft Security, a complete line of products and services that aim to deter consumer identity theft and protect credit. Identity Theft Security aims to provide protection by constantly monitoring more than 400 data sources at regular intervals to help spot changes to a customer's name, address, phone number, date of birth or social security number that could indicate that identity theft has occurred. Customers can elect to have a weekly status update of monitoring activity e-mailed to them. When a suspicious change is detected, a myFICO security alert is e-mailed instantaneously. "Most people are learning that the critical damage caused by identity theft is not so much the fraudulent charges, which in some cases are covered by the creditors," said Russ Mann, vice president of market management at myFICO. "What's most critical is the amount of time it takes to resolve identity theft issues and the da...