Final answer:
The statement is false as the number of identities monitored usually matches the number of identities purchased in a monitoring service agreement.
Step-by-step explanation:
The statement 'The number of identities monitored does not have to be equal to or less than the number of identities purchased' is false. When a company or an individual purchases identity monitoring services, the number of identities monitored typically corresponds to the number purchased.
For instance, if a business buys a package to monitor 100 identities, it is expected that up to 100 identities will be monitored, but not more. This ensures that the service provider is not overextending its resources and that each purchased identity is sufficiently covered by the monitoring service.