How credit monitoring can protect consumers in the wake of a data breach

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How credit monitoring can protect consumers in the wake of a data breach
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Credit monitoring isn't just for your credit score — it can also alert you to potential identity theft and fraud if your data as been compromised in a breach, as many Ticketmaster customers were warned earlier this week.

Credit monitoring isn't just for your credit score — it can also alert you to potential identity theft and fraud if your data as been compromised in a breach, as many Ticketmaster customers were warned earlier this week.

Consumers may consider using these services if they have been the victim of fraud or have been implicated in a data breach, the agency said on its website. Identity thieves can use names, social insurance numbers and sometimes credit card numbers to apply for new credit cards, rent apartments, take out car loans and open new bank accounts, TransUnion says:"Most victims don't realize they've been compromised until they review their credit report or credit card statements, and by then, it may be too late."

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