Credit monitoring can protect consumers in the case of data breach

Credit monitoring isn’t just for your credit score — it can also alert you to potentially identify theft and fraud if your data has been compromised.

 

This week, Ticketmaster offered Canadian customers affected by a recent security breach a year of free credit-monitoring services.

 

The ticket sales platform emailed some customers this week to warn them that their data may have been compromised during a recent security breach, potentially including names, contact information and payment card information.

According to TransUnion, credit monitoring helps consumers act quickly if there’s suspicious activity on their accounts.

 

In a report earlier this year, TransUnion said more and more Canadian consumers are signing up for credit monitoring.

 

The firm says the benefits of credit monitoring have become increasingly important amid a continued rise in fraud activity since the onset of the COVID-19 pandemic.

 

 

 

 

 

This article was first reported by The Canadian Press