A U.S. Government Accountability Office study finds government-mandated identity-theft insurance is not an effective method to alleviate the risk data breach victims face after an incident, Nextgov reports. The GAO recommends Congress should let entities choose the proper level of identity-theft insurance coverage, a stance it first took back in 2017. “We did not identify any studies that analyzed whether consumers who sign up for or purchase identity theft services encounter fewer instances of identity theft or detect instances of financial or other fraud more — or less — rapidly than consumers who take steps on their own,” the report states. “Views of experts varied, but most said identity theft services have limitations and would not address all data breach risks.”
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