myFICO Launches ID Theft Protection

A division of Fair Isaac Corp. has launched myFICO Identity Theft Security, a line of products and services aimed at protecting against consumer identity theft.The division, myFICO.com, said the product line provides the ability to monitor more than 400 sources of public data for "subtle changes to a borrower's personal information, which can be an indication that fraud is being attempted." Russ Mann, vice president of market management at myFICO, said the "critical damage" caused by identity theft is often not the fraudulent charges. "What is most critical is the amount of time it takes to resolve identity theft issues and the damage it can do to your FICO credit score, which may increase the interest rates you pay on credit cards and home loans, and in some cases can make credit unavailable when you need it most." The company can be found online at http://www.myfico.com.