Mind-boggling identity theft statistics have consumers looking for protection, and financial institutions scrambling for ways to provide it. Some statistics show that somebody’s identity is stolen every two seconds.

Statistics like these have spawned a fast growing industry of products offering identity theft protection - but are these services worth it, or just another attempt to get into your wallet?

I hate to burst your bubble, but I say they are near worthless and I have some preliminary proof of my own.

Let me explain what I’ve done and you can decide for yourself.

[ Read the rest of this entry ]