doxo has introduced $1M Identity Theft Protection, integrating advanced fraud monitoring and restoration services as a premium feature of doxoPLUS and a core component of doxoBILLS All-in-One Bill Pay. This new offering aims to enhance financial security for U.
S. consumers against growing identity theft threats.
Identity theft continues to pose a significant risk to U.
S. consumers, impacting bank accounts, credit cards, and personal financial information. The average U.
S. household experiences $76 in direct out-of-pocket costs from identity fraud annually, contributing to a national total of $10 billion. These figures do not account for the time and resources required for identity restoration. A survey of doxo users revealed that 20% had experienced some form of identity or payment data theft, while 84% expressed concern about potential identity fraud.
Steve Shivers, Co-founder and CEO of doxo, commented, “Consumers want confidence that their financial identity is safe while managing and paying their bills. With $1M Identity Theft Protection, doxo provides a safety net that reduces risk, restores peace of mind, and keeps users’ sensitive information secure—all within the same platform where they manage their bills.”
The doxoPLUS $1M Identity Theft Protection, exclusive to doxoPLUS subscribers, offers proactive monitoring, alerts, and comprehensive restoration support in the event of a breach. This includes coverage up to $1 million for identity theft-related expenses such as unauthorized electronic funds transfer reimbursement, medical care expense reimbursement due to medical identity theft, lost wages reimbursement, and dependent care and travel expense reimbursement. The monthly doxoPLUS subscription, priced at $5.99, also provides access to identity restoration services and tools.
This protection is one of the Six Essentials of doxoBILLS, doxo’s comprehensive bill management approach. The other foundational elements include a Unified Bill Pay Calendar, Private Pay Wallet™, Real-Time Bank Balance and FREE Payments with Linked Bank Account, Credit Score Protection, and Insights. These features are designed to empower consumers to manage and pay all their bills through a single login, across various devices and payment methods, while enhancing control, visibility, and security.
doxo serves over 10 million consumers across 97% of U.
S. Zip Codes, facilitating payments from more than 8,000 financial institutions to over 120,000 billers in more than 45 service categories.
