Preventing identify theft is about a lot more than protecting clients’ privacy. Indeed, sophisticated hackers that breach data firewalls can use the stolen information to gain control of individuals’ financial accounts and take out loans in victims’ names. What’s more, data breaches appear to be occurring more frequently and are becoming more threatening to individuals’ financial health. With that in mind, advisors should help their clients take appropriate actions—some of which may not be commonly known—to help halt identify theft. At the same time, many Americans who use data monitoring services may be enjoying a false sense of comfort.