S.O.S. Identity covers up to $25,000 of the costs incurred while you are in the process of re-establishing your identity.
Identity theft is when your personal information is collected or used without your knowledge for fraudulent purposes. This is when a person uses your personal information to commit fraud, deception or any other criminal act, among other things.
There are many ways for an ill-intentioned person to collect your personal information online: through phishing or hacking, or by using fake email addresses, fake websites or malware.
After collecting your personal information, a fraudster might use this information to take out a loan in your name, for example. Imagine the consequences this could have on your credit rating.
S.O.S. Identity would cover the legal fees to prove that you did not take out this loan.
From 2010 to 2014, the number of reported incidents of identity theft in Quebec has risen from 68 to 942*.