Why is identity fraud a big deal?
With data breaches happening almost daily, criminals have already pieced together countless identities. The next step: opening bank accounts, getting credit cards, even taking out a mortgage, all under your name.
But how would they even get my identity?
Stolen or lost wallet
We’ve all had a moment when we’ve misplaced a wallet. For Silvana, that almost cost her a $100,000 loan stolen under her name.Read More
We’ve all had a moment when we’ve misplaced a wallet. For Silvana, that mistake almost cost her $100,000 loan under her name.
Silvana forgot just her credit card and driver’s license at the store one day, but that was all a scammer needed to get at her identity. Moving quickly, they nearly took a $100,000 loan under her name before she was able to catch it. But even though she stopped that one attack, the criminal still has all they need to target her at any time.
Sean was scrolling the internet on his phone when it suddenly dropped service. When he woke up the next day, his phone number and all his personal info was stolen.Read More
Sean was scrolling the internet on his phone when it suddenly dropped service. Thinking it was just network issues, he ignored it. When he woke up the next day, his phone number and all his personal info was stolen.
Sean was the target of a common hack called SIM Swap. This is when someone uses your personal information to convince your cell service provider to transfer your phone number to a device they own. For a lot of your apps and services, a phone number is all the data it takes to steal your account through one-step verification. Then after that, your identity.
Company-wide data breaches
Working IT at a large company, Ken stole the personal info of over 8,000 employees and customers. In 5 years, he used that info to steal over a million dollars.Read More
Working IT at a large company, Ken stole the personal info of over 8,000 employees and customers. In 5 years, he used that info to steal over a million dollars.
With access to all of this data, Ken was able to open countless unauthorized accounts on PayPal. He then linked those accounts to credit accounts using the stolen identities. Avoiding detection and moving smaller cash amounts, it took 5 years for Ken to get caught. Moral of the story: theft is always tough to track, even from a company’s employees.
It's time to take control
Free credit score monitoring
Your MogoAccount comes with free credit score monitoring. Monthly changes in your credit score are likely a result of your own financial habits, but a big unexpected decline could be an early sign of identity fraud.
Detect and alert
With MogoProtect, your Equifax credit bureau account is monitored daily. You’ll get a mobile notification and email whenever a potential threat is detected.
If you identify a suspicious activity via your MogoProtect alert, you'll be guided through the steps to help stop criminals and prevent identity fraud from happening to you.
Get smarter with MoneyClass
Well-being you can afford
While typical credit alert providers may charge up to $20/month, MogoProtect is a convenient mobile solution that provides unlimited alert notifications for less than half the cost.