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Identity theft is a violent headache for credit card holders. The cases of credit crime become more and more frequent. Every day hundreds of credit consumers fall victims to credit card fraud and identity theft. Credit card companies and banks develop new fraud protection systems. But scammers find even more sophisticated methods of credit fraud.

Another fresh type of ID theft developed by credit fraudsters is new account fraud. Scammers have created this type of credit crime pretty recently. This is how it works. A swindler steals your personal identity information - driver's license number, SSN or credit card number - and opens a new credit account in your name. How to avoid this type of ID theft?

New account fraud gains popularity with credit scammers. The reason for that is pretty obvious. Most credit card protection systems used by credit issuers are aimed at authentication of a person that wants to use a credit card. This way, existing owners of a credit account undergo a thorough checkout, while new owners are not subjected to a scrupulous screening. And this gap in the security system is a great opportunity for swindlers to commit a credit fraud.

But how can credit card holders prevent this kind of identity theft? LifeLock is the key. This company offers professional help in identity theft prevention and protection. LifeLock gives a guarantee of $1 million worth that a customer's ID is 100% safe. In case the customers' ID is accessed by an unauthorized user, the company agrees to give a refund of up to one million dollars to cover the expenses caused by their systems failure.

The company ID fraud protection systems even guarantee you that if your credit card is lost or stolen or you happened to reveal your SSN or other personal information details, there is no risk that your identity is exposed to fraudulent use.

In order to protect your lost or stolen identity from fraudulent use, LifeLock offers two major security methods. You can either put a fraud alert for 90 days, or freeze your credit account. With a fraud alert every suspicious money transaction made with your plastic or a new credit card application made in your name trigger off credit bureaus to check and make sure that it is really you.

Credit account freeze locks your credit report. This means that no one but you and your current credit card issuer can get an access to your credit file, only in case you unlock it. This protection method from new account fraud is considered to be one of the most effective.

However, there is a downside to freezing your account. In case you decide to apply for a new credit card you will have to unlock your report. For that you will be charged a fee, and it will take some time to restore your applications rights.

LifeLock also offers the following services for its clients:

• They can remove your name from pre-approved mailing lists.
• Reduces the junk mail you get.
• LifeLock offers monitoring check systems for you to make sure that no new credit accounts are opened.
• Solves the problems with identity that is at risk.

LifeLock is a pretty large, well-reputed and respected company to turn to looking for professional help in identity theft prevention and protection.

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