Do you need ID theft protection? Do you need ID theft protection? FOX 26 Consumer Reporter Heather Sullivan has some smart sense on whether or not you need ID theft protection. HOUSTON - Cyber attacks and data breaches to steal your identity have grown exponentially since the pandemic started. So do you need to buy identity theft protection? ID theft protection services, or credit monitoring, usually costs anywhere from $6 to $35 dollars a month. Some provide up to $1 million in insurance. But you can also take the same steps to protect your credit for free. So let's weigh your options....