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Kiplinger
Kiplinger
Business
Sarah Brady

Is Identity Theft Protection Worth It?

A man holds a locked phone in front of a computer.

“An ounce of prevention is worth a pound of cure.” When Benjamin Franklin penned this enduring phrase, he was advising the public on how to avoid house fires. But his words are also useful when applied to a modern safety issue: identity theft.

By some estimates, roughly one-third of U.S. residents have experienced some form of identity theft — a crime that includes everything from credit card theft to tax fraud to insurance fraud — and that figure is expected to rise. Especially in the wake of several high-profile data breaches over the last year, protection from identity theft is at the top of many people's minds, with good reason.

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