Clinton Wilkins and Todd Veinotte discuss the importance of credit monitoring, especially in light of the recent Nova Scotia Power cyber breach affecting 200,000 customers. They recommend using free apps like Borrowell (Equifax) and Credit Karma (TransUnion) for weekly updates, which do not impact credit scores. For more comprehensive monitoring, paid services from Equifax and TransUnion cost around $30 monthly. They also advise setting fraud alerts and warnings on credit bureaus to prevent unauthorized account openings.