Many Identity Theft Protection Services Promise The Impossible

Consumer Federation of America report warns about ID theft service providers that offer vague, misleading, or incomplete assurances about their services.

Identity theft protection service subscribers: Beware trial offers, as well as refund and cancellation policies, and always seek specifics about the exact type of assistance that will be provided.
Those warnings come from a new report into
identity theft services
. Released by the Consumer Federation of America (CFA), which counts 280 national, state, and local consumer rights groups as members, the
48-page study
analyzes the practices of 20 identity theft services (which were not named in the report), as well as complaints made on the Internet about such services. It also details a series of best practices with which the CFA believes all identity theft service providers should comply.
We found that most of the services websites did a fair job of complying with the best practices, but there is need for improvement, said Susan Grant, CFAs director of consumer protection, in a statement.
[ Privacy groups are attacking the proposed Cyber Intelligence Sharing and Protection Act.
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One problem is marketing hype, as various services promise to stop fraud before it starts (Identity Hawk), stop identity theft in its tracks (Experian), or even to prevent identity theft (TransUnion). Compare that language with the Federal Trade Commissions
guide to avoiding identity theft
, which talks about how consumers can deter, detect, defend, [and] avoid ID theft.
Any identity theft service providers promise to do more than that is hollow. They cant prevent consumers personal information from being stolen or detect identity theft in all instances ... [and] its not always possible to stop identity theft, especially if someones social security number has been compromised, according to the CFAs report.
Free trials are another offering that have seen their fair share of consumer complaints. While many identity theft services are offered for free for a limited trial period, from the complaints that CFA found online it appears that the terms arent always made clear, according to the report.
Plus, some identity theft service providers force consumers to jump through multiple hoops to cancel their trials. Sometimes consumers cant get through to the company to cancel, according to the report. Some consumers are charged even though they never agreed to try the service--usually because they gave their financial account information to that company or a partner of that company for something else.
Finally, not all identity theft service providers make clear exactly which services and features theyre offering to provide. In many cases, researchers had to hunt through terms of service, FAQs, and other less obvious places to create a clear picture of what the service offered. Some identity theft services act on behalf of customers if they become victims to resolve their problems, but most only provide advice and counseling, according to the report. In addition, the terminology related to services offered can be slippery. For instance, if a credit score is provided, some services dont explain that it is an educational score, which is not the same score that lenders use, according to the report.
The CFA report findings may draw truth in advertising scrutiny from the FTC, as many services claim to be #1 or top-ranked, but provide no reference to back up that claim. Likewise, many of the
identity theft statistics
used by companies marketing ID theft services are outdated or inaccurate.
How could deficient identity theft service providers improve? For starters, the CFA has called on all such companies to cease sharing peoples financial details with their affiliates, give consumers a warning when their free trials are ending, and detail the cost--should they continue after the free trial ends--as well as how they can easily and quickly cancel the service.
Put an end to insider theft and accidental data disclosure with network and host controls--and dont forget to keep employees on their toes. Also in the new, all-digital
Stop Data Leaks
issue of Dark Reading: Why security must be everyones concern, and lessons learned from the Global Payments breach. (Free registration required.)

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Many Identity Theft Protection Services Promise The Impossible