Considering how lending institutions generally operate, it makes more sense that they are making a bigger profit off of "ID Protection" insurance, than they take in actual losses from ID theft. The only solution I see is to introduce regulation that forces the lenders to pay the cost of ID theft instead of the victims.
Considering how lending institutions generally operate, it makes more sense that they are making a bigger profit off of "ID Protection" insurance, than they take in actual losses from ID theft.
The only solution I see is to introduce regulation that forces the lenders to pay the cost of ID theft instead of the victims.