Im saying, they don't have a hold on any new credit accounts under your social and things like that?
Yes they do, but they can only notify you of suspicious activity or new accounts. They cannot prevent somebody from stealing your identity, they wouldn't have the legal authority to arrest/ prosecute somebody for trying to hack your identity, the best they could do is notify you early and advise you on how to proceed.
Look at it like this:
If you were renting an apartment, you'd likely lock your door at night and when you leave (Unless you're Canadian), right? You have smoke detectors, and probably turn off electronics and blow out candles when you're not using them. Short of getting a security system/ armed body guards, you've done what you can to prevent a theft or fire. But, thefts and fires can & do still happen regardless of how careful you are. You'd have Renters insurance to cover the loss/damage of your personal property. But Statefarm is not going to stand watch while I sleep with a Taser and Fire extinguisher, they aren't that good of neighbor