Passcode The burgeoning business of identity protection

Services that monitor credit reports and help protect consumers from fraud are proliferating. But are the fees they charge worth it, and can they really guard against identity theft? 

Illustration by Kevin Munoz/Center for Identity

The data breach notification letters came in waves over the past year. There was JPMorgan Chase, then Home Depot, and Anthem. As a result of those, some 204 million consumers had personally identifiable information exposed to criminal hackers, raising the specter of identity fraud for roughly 65 percent of the American population.