CIFAS Protective Registration - even if I've not been subject to fraud?

Murmansk

I've just opened an account with Chase and I was reading through their website where I found an item about security:

https://www.chase.co.uk/gb/en/hub/rebecca-fraud-story/

At item 8 the writer seems to recommend CIFAS Protective Registration as being something to consider:

Think about signing up to the Cifas Protective Registration scheme. For £25 for two years, they'll send you an alert if someone tries to take out a financial product in your name.

I thought CIFAS registration was for people who've been subject to fraud, I'd not thought about registering just to prevent problems. What do others think?

[Deleted User]

It makes applying for credit slightly more laborious, but if you're concerned that someone may apply in your name, you might want to consider it. 

Daliah

The CIFAS Protective Registration would not have prevented any of the cases she describes in her essay. What is does is reduce the risk that people will open accounts in your name, as the provider would get in touch with you before accepting an application. Registering with CIFAS is a good idea if you are concerned that someone would fraudulently apply for bank accounts in your name.

Rich2808

I registered when I was the victim of a theft which I was worried might cause issues with fraudulent credit applications.

Felt much safer for those two years - just means you won't get online credit applications (phones, current accounts, credit cards) approved automatically online but will just be called or have to call them to verify it was you. Which is no bad thing! Caused me no issues at all - and it expires in two years unless you renew it.