Debix Review
Debix Identity Protection Network
The Debix identity protection network is a partnership between Debix and LoudSiren. Originally Debix used their partner LoudSiren as their direct to consumer marketing arm but this has now changed. In a flip flop of roles, Debix will now market identity protection direct to consumers and LoudSiren will now enroll corporations and institutions.
Debix Inc., is a privately held firm located in Austin Texas. They were originally financed by Gideon Yu, chief financial officer of Facebook, and Launny Steffens, a former vice chairman of Merrill Lynch. Since then Debix has received a total of $9.3 million from two venture firms, Trellis Partners of Austin, Texas and Merus Capital which is based in Palo Alto, California.
Debix is the company that made headlines when it won the contract to protect the identities of workers and taxpayers in the State of Ohio after a huge data breach. This was a huge coup for the young company as it showed that governments trusted their system and technology over others. The contract gave Debix instant credibility and they have leveraged this success to become a force to be reckoned with, signing residents of the State of Connecticut and voters in the City of Nashville after they too had significant data breaches. Debix has become the number one choice for identity protection when states or companies have large data breaches.
Debix Fraud Defense and Technology
Debix protects consumers by monitoring their credit file at all three credit bureaus and notifying them by phone through their proprietary system anytime there is a change to their credit file. They are the only service providing OnCall Credit Monitoring.
Normally with credit monitoring you are sent emails of any changes to your credit file and often you receive many duplicate items or unnecessary information. Debix eliminates the repetitive and non-urgent emails that generally get ignored anyways and instead of sending you an email they actually call you. This is how it works.
Debix places their phone number in your credit file and when a change occurs their system automatically routes the call to up to three of your phone numbers. You then pick up the phone and hear a recording of your own voice, called a voice key, so that you know the call is authentic. Don’t worry you record your voice key when you sign up and it’s real simple. If it is you who has applied for the new account or initiated the change in your credit file you simply hit the number 1 on your phone to approve that change. If it is not you applying for the credit or initiating the change in your credit file you simply hit the star button and that declines the request or shows the change as fraudulent and automatically puts you in touch with a Debix incident response specialist, a licensed private investigator in the State of Texas, who helps you notify the appropriate authorities if appropriate and generally works with you to investigate the fraud and put a stop to it.
Another important facet of this system is that it provides an audit trail in the event of a dispute which means that Joes Used Car Lot can’t claim that you approved the car loan when Debix system clearly shows you did not. Also their investigators can often find out how your personal information became exposed in the first place and stop that from happening again. Learn more at Debix now.
Debix’s Identity Theft Insurance
Debix identity protection also includes $1,000,000 worth of identity theft insurance which is covered by AIG insurance, an insurance company known for their identity theft restoration specialists. Their Identity Theft Insurance Coverage provides expert assistance and financial relief up to $1,000,000 for identity restoration costs, legal defense expenses and lost wages. What Identity Theft Labs likes about the insurance from this team is that it covers lost wages as many polices or guarantees do not. What we don’t like is that if you do become a victim of identity theft you will have to do a lot of the legwork to recover your good name, credit and finances. You will have an identity theft specialist to help you, which is extremely helpful, but this is quite different from Lifelock who would do the work for you. Of course, this difference really only comes in to play in serious identity theft cases that the Debix service is designed to prevent.
Debix is Proven to Work
Debix is one of the only companies that bills itself as the proven identity protection network. They have this advantage because they can actually tell how many customers they have protected or incidents they have stopped where other companies have their systems working in the background not knowing for sure how many people they have protected. Debix alone has stopped 1400 cases of identity theft worth a total of $9,310,000 in 10 months. Surveys have shown it takes the average identity theft victim about 600 hours and costs between $6,000 to $8,000 for them to restore their good name. With 8.2 million identity theft victims every year, and the exposure of 217 million personal and private records in the last three years we highly advise you to be proactive in your identity protection plan and Debix is a great choice.
When you have a company trusted by two states that combines the best credit monitoring technology with a low price you have a winner and you can see why we have given Debix a very good rating. It only costs $99.95 per year and is highly recommended. Family plans are available with children costing $30/year. This is the lowest price Debix offers and our promotion – $99.95 per year – saves you $19.45 per adult per year as their normal rate is $9.95 a month which works out to $119.40. Be safe, be proactive, protect your identity now with Debix and save. Discount automatically applied.
