Through extensive research I've found out that 50 million Americans spend a whopping $3.5 billion per year every on ID theft protection plans, but there is just one problem - these plans are often not enough. Identity theft protection plans offer just basic packages for the most part and Credit bureau monitoring sometimes forms the primary service in many of those identity theft protection plans. However, according to statistics published in the Federal Trade Commission's 2015 Consumer Sentinel Network Data Book, financial events such as those relating to a debit/credit card, a fraudulent loan application or a savings/checking account formed only 30% of the total.