As data breaches become more frequent, Discover’s suite of security perks aims to protect personal data. Through the use of identity alerts, fraud protection services and more, Discover is taking cardholder privacy and security seriously.
As more personal information is stored digitally (such as Social Security numbers, addresses, account information and the like), life for consumers and businesses has become easier. But it comes at a cost: Consumer information is vulnerable to data breaches.
According to a 2018 survey from the University of Phoenix, nearly half of U.S. adults have experienced a personal data breach in the past three years. That statistic suggests it’s not a case of if you’ll become a victim of a data breach, but when.
Fortunately, Discover’s suite of security perks aims to protect your personal data from these threats with identity alerts, fraud protection services and more. That’s great news for Discover cardholders, but anyone can benefit from using Discover’s free Credit Scorecard tool.
“The FTC says that identity theft victims spend an average of 30 hours’ worth of work digging out from the damage,” says Ted Rossman, industry analyst at CreditCards.com. “Take a few minutes now to protect yourself. Capital One’s breach wasn’t the first, and it won’t be the last.”
To keep your information safe, Discover has implemented a number of identity alerts for its cardholders.
As a Discover customer, you’ll have access to daily monitoring of your Experian® credit report, including notifications of any new accounts listed on your report.
You’ll also be notified if your Social Security number is found anywhere on the Dark Web with Discover’s free Social Security number alerts. To receive email or text alerts, simply activate at www.discover.com/freealerts.
Fraud protection services
With 24/7 fraud protection and a $0 fraud liability guarantee, you won’t be held accountable for unauthorized purchases made on your Discover card.
Additionally, Discover’s Freeze It® feature allows you to hit pause on your account, should you suspect any fraudulent activity or misplace your card. This is easy to do on your smartphone or desktop.
Once your account is paused, Discover will not authorize new purchases, cash advances or balance transfers. It’s just as easy to unfreeze your account whenever you choose to.
Extra security steps you can take
In the event of a breach, Rossman says his number one tip is to freeze your credit. Simply contact all three credit bureaus — Experian, Equifax and TransUnion — either online, over the phone or by mail.
“A credit freeze is much better than credit monitoring because a credit freeze prevents anyone from opening new credit in your name,” says Rossman. “Credit monitoring just tells you there was a problem, it doesn’t prevent it from happening.”
Rossman also suggests changing your passwords regularly in order to safeguard your information.
“The easiest way to do this is to sign up for a service such as LastPass. Our CreditCards.com survey found that eight in 10 U.S. adults reuse passwords, which can compound the effects of a data breach,” says Rossman.
The bottom line
In an increasingly volatile security age, Discover is taking cardholder privacy and security seriously. They’re empowering you to not only be knowledgeable about how your personal information is being used, but also responsive with timely alerts and safety measures.
With Discover’s suite of cash back, travel, balance transfer and student cards, you can find a fitting option for your lifestyle. And earn great rewards rates while enjoying the peace of mind that you can keep your personal information safe.
To learn more about Discover’s security offerings, visit their benefits summary page.