Credit Card Theft Programs
 

Please advise as this is surely the most knowledgeable one gathering of people that I am sure uses the different programs.

With all the different cards that are being used, this has got to be an issue for some fraudulent activity. I have just opened up a couple of new accounts and was looking at LifeLock as a security thought, but after reading reviews I am not so sure they are the best ones at providing security against our accounts.

May I ask please what are the thoughts of many of you and I would like to thank you in advance?

By law your losses are limited to $50 per incident, and as a practical matter most issuers waive even that. What more protection do you need?

You don't need to worry about your credit cards being compromised, for the reasons mia has already pointed out. Report any fraud as soon as you detect it, and the bank will just cancel your card and replace it with a new one (with a new card number).

What you should worry about is identity theft. Guard your Social Security number and bank statements, shred documents when you dispose of them, and don't leave mail sitting around unguarded in your mailbox for long periods lest someone steal it. One thing which you can do to help protect yourself against identity theft is to to put a security freeze on your credit reports with TransUnion, Equifax, and Experian. This makes it much more difficult for someone to fraudulently apply for credit under your name. Unfortunately, it also makes it more difficult for you to apply for credit quickly, but that side effect is easier to live with than trying to clear up an identity theft situation.

Credit Card Theft Programs
 

+1 on the security freeze. My SSN, name, and address were recently all stolen when a former employer's system was hacked. The credit monitoring they offered was nice, but would only catch things after the damage was done. Freezing my file with the CBs means it is much, much harder for someone to open new credit in my name.

It was a bit of a hassle to shop around for car loans later on, but I'd much rather have that headache than the alternative.

IMHO, Lifelock and similar things are to be avoid as ineffective, inconvenient and expensive.

As pointed out above, you are already protected when you use a credit card (debit card, not so much).

While I agree with the shred all docs with personal info (including envelopes) I am not a fan of security freezes.