Credit monitoring isn't just for your credit score — it can also alert you to potential identify theft and fraud if your data has been compromised. Credit cards shown on in Halifax on Thursday, Oct. 6, 2022. THE CANADIAN PRESS/Andrew Vaughan
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 report by The Canadian Press was first published July 10, 2024.
