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How to Protect Yourself via Credit Monitoring Services

by: Omri Toppol
Applying the right security safety settings to prevent online identity theft

You’ve probably heard the terms credit card theft, credit card fraud, and identity theft being thrown around but haven’t given much attention to them. That’s because you likely don’t realize how vulnerable you are to having your personal information stolen online without credit protection services.

A recent study by Javelin Strategy showed that close to 31.8 million Americans experienced a breach of their credit card in 2014. The shocking part is that the number of affected Americans in 2014 is three times more than the amount from 2013 and still, for some reason, most don’t utilize credit monitoring services.

Analysts and industry experts don’t expect this phenomenon to go away any time soon. In fact, it is predicted that hacking and credit card theft will become more common as the number of transactions on the internet increases. That’s why now may be the time to employ credit monitoring services to get the credit protection you need to help protect against identity theft and keep an eye on your credit cards to implement a credit alert.

Why You May Be Vulnerable

We perform so many transactions online that it’s easy to forget how much trust we are putting in a website when we enter our credit card details. Many websites don’t have the necessary framework in place to ensure credit card transactions are secured, leaving your information vulnerable to theft.

Despite the high number of hacking incidents, you might feel like you’re relatively safe online and your information isn’t likely to be stolen. Even if you only give your credit card to trusted websites and those that use encryption, you still aren’t 100% protected from online thieves.

That’s because hackers can gain access to the databases where customer and credit card information is stolen. Take the Target credit card breach from 2013. Around 40 million customers’ personal information was stolen, including credit and debit card information, addresses, and phone numbers.

So even if you are safe online, you can’t guarantee that all of the information stored by third parties is secure from theft.

How Credit Monitoring Services Work

Credit monitoring services and credit card fraud protection providers use technology and advanced forensics to protect your identity and determine if your credit card is safe. If not, the providers issue a credit alert so you can take immediate action to cancel your card and make a claim with your bank.

This is useful because often users don’t realize or know that their credit cards have been stolen or if hackers have gained access to their information. Therefore, time is of the essence! Thieves know that it’s only a matter of time before the credit card will be blocked, so they try and buy as many things as possible within the first few minutes. Before you know it, they can rack up thousands of dollar’s worth of charges that you may me held accountable for or have to dispute.

LogDog’s credit monitoring services offers one of the most comprehensive identity protection and credit protection services via the LogDog CardProtector. The CardProtector constantly scans lists of credit cards that have been breached and are available on the black market. If it identifies one of your cards on the list, it immediately notifies you, ensuring the fastest possible credit protection.

LogDog is available as a mobile app for both iOS and Android devices and doesn’t store any of your personal information. For more information about identity theft protection or what LogDog offers and to sign up for credit monitoring service, click here.

Don’t let your credit card fall into the wrong hands; take advantage of LogDog’s advanced credit monitoring services and you can rest easy knowing your information is secure.

Written by  Omri Toppol

Omri is LogDog's marketing guy. He is passionate about technology, digital marketing and helping online users to stay safe and secure

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