Credit Monitoring Services: A How-To Guide

Credit Monitoring Services: A How-To Guide

Organizations are not, generally, required to offer services to consumers whose information was involved in a breach.1 Nonetheless, many organizations choose to offer credit reports (i.e., a list of the open credit accounts associated with a consumer), credit monitoring (i.e., monitoring a consumer’s credit report for suspicious activity), identity restoration services (i.e., helping a consumer restore their credit or close fraudulently opened accounts), and/or identity theft insurance (i.e., defending a consumer if a creditor attempts to collect upon a fraudulently opened account and reimbursing a consumer for any lost funds). In addition, if you do offer one of these services a 2014 California statute and a 2015 Connecticut law prohibits you from charging the consumer for them. …

credit monitoring

How to Evaluate a Credit Monitoring Service (2016)

Organizations are not, generally, required to offer services to consumers whose information was involved in a breach.1 Nonetheless, many organizations choose to offer credit reports (i.e., a list of the open credit accounts associated with a consumer), credit monitoring (i.e., monitoring a consumer’s credit report for suspicious activity), identity restoration services (i.e., helping a consumer restore their credit or close fraudulently opened accounts), and/or identity theft insurance (i.e., defending a consumer if a creditor attempts to collect upon a fraudulently opened account and reimbursing a consumer for any lost funds). In addition, if you do offer one of these services, a 2014 California statute and a 2015 Connecticut law prohibits you from charging the consumer for them.….creditmonitor

Webinar: What In-House Lawyers Should Know about the Legal Risks of Identity Theft and the Role of Credit Monitoring Services

May 24, 2016 at 12 p.m. EDT

Following a data security breach many companies assuage consumer fears by offering credit monitoring, ID restoration services, or ID theft insurance. Many in-house counsel misunderstand the legal risks of identity theft and the role that credit monitoring products play in protecting consumers from harm when such theft occurs. Boulder Partner David Zetoony discusses ID theft risks and the legal issues that in-house counsel need to consider when selecting a credit monitoring service. Click here for more information or to register.

We are presenting this audio web cast through Celesq® Attorneys Ed Center in partnership with West LegalEdcenter.