Identity Theft Protection + $5 million in insurance*

The cost of ID theft protection varies based on the service provider, coverage type, and the subscription plan you choose. Normally, monthly fees for these services fall between $10–$30. 

Annual subscription prices — available for both individuals and families — hover around $150 to $350 per year. Spending this amount of identity theft protection is worth it if:

• You think you or your family are already at risk of fraud. If you have many online accounts, haven’t set up best practices to protect your sensitive information, or have noticed warning signs of identity theft, there's high risk. If you have children who are online regularly or are going off to college, they can also benefit from family identity theft protection.
• You’ve already been the victim of identity theft. 69% of identity theft victims are repeat victims. If you’ve been a target once, there’s a good chance you’ll be targeted again.
• You're not inclined to monitor or freeze your credit. If you're unable to review statements — debit and credit accounts, health insurance, credit history — you might want to sign up for an identity theft monitoring service.
• You want to protect your assets (home, savings, credit score) with ID theft insurance. The more assets you have, the more you become a target for identity thieves.
• Your information is on the Dark Web. When your login credentials or account numbers are misused, hackers either hijack existing accounts or create new ones 93% of the time.

26% of Americans faced fraudulent charges on their debit or credit cards in 2023. The same Pew report also mentions that seven-in-ten people are overwhelmed by the number of passwords they have to remember.

An identity theft protection solution like Aura checks Dark Web sites, data broker lists, public records, and new account records, looking for your name, Social Security number, address, and other identifying information.

Not only will you enjoy peace of mind knowing your accounts are being monitored — you’ll also have access to a password manager, antivirus, VPN, and more.

Identity theft insurance offers financial reimbursement for expenses incurred while recovering from identity theft. Your coverage will vary depending on the identity theft protection provider.

The identity theft insurance included with your Aura plan provides:

• Stolen funds reimbursement: If your money is stolen due to identity theft, you may be covered for up to $1 million for specific costs and expenses incurred.
• Personal expense compensation: Coverage may include legal fees, travel fees, and time-off work reimbursement to resolve your identity theft incident. 
• Coverage for lawyers and experts: If you become a victim of identity theft as a paid subscriber, certain resulting legal fees and expenses may be covered.

Your liability for debts incurred due to identity theft is significantly limited under various federal laws. For example, under the Electronic Fund Transfer Act (EFTA), liability for lost or stolen debit cards ranges from $0 to potentially unlimited, depending on the timing of the report.

Aura's insurance covers reasonable expenses incurred as a result of recovery from identity fraud. For example, credit freeze and thaw costs, transcript costs, appeal bond, court filing fees, expert witness or courier fees.

Identity theft happens when someone misuses your personal or financial information to make purchases, obtain benefits, file taxes, or engage in fraudulent activities.

The 13 most common types of identity theft include:

1. Financial fraud
2. Medical identity theft
3. Child identity theft
4. Elder fraud
5. “Friendly” or familial identity theft
6. Employment identity theft
7. Criminal identity theft
8. Tax identity theft
9. Unemployment fraud
10. Synthetic identity theft
11. Identity cloning
12. Account takeovers
13. Social Security number fraud

Contact companies directly:

• Inform fraud departments of companies where you noticed errant charges or unusual activity.  They may be able to freeze or close your account for you. 
• Also update logins, passwords, and PINs you think are compromised.

Secure your credit:

• Place a free fraud alert by contacting one of the three credit bureaus (Experian, TransUnion, Equifax), which will then inform the other two.
• Obtain free credit reports from annualcreditreport.com or by calling 1-877-322-8228. 

File a report with the Federal Trade Commission (FTC):

• Contact the FTC via IdentityTheft.gov or by calling 1-877-438-4338. Add as much information as you can to receive an Identity Theft Report and a personalized recovery plan.

On average, it can take over six months and 100–200 hours of your time to discover, resolve, and recover from the effects of identity theft.