The University of Missouri said Wednesday it will begin offering a credit monitoring service for faculty, staff, and students.
The service will cost $3.46 a month and will monitor credit reporting agencies, provide identity theft insurance, and send e-mails in response to some credit activity, among other services.
The announcement comes after a UM database containing the Social Security numbers and names of current and former employees was penetrated by a hacker in May.
“Even as the University takes internal security steps to help prevent a future breach, this benefit, if employees choose to enroll, will help provide additional protection from identity theft that can arise in everyday life beyond the workplace,” Ken Hutchinson, UM vice president for human resources, said in a press release.
People interested in the program can visit http://umsystem.edu/ums/departments/hr/benefits/credit.shtml for more information.
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Although $3.46 per month is a great price for 3-bureau Credit Monitoring service, shouldn't such service be free for those who had their data stolen? Alternatively, they can monitor their own credit report by ordering a free annual credit report, and possibly lock down access to their credit report by placing a credit freeze. Information on both services is available at http://www.creditlock.com