Identity Theft: Could Your Children Be at Risk?

Date November 10, 2008

If you’re like me, you’ve talked to your children about talking to strangers, how to be safe online, and more. But have you spoken to them about identity theft?

According to the Federal Trade Commission, there are more identity theft victims between the ages of 18 and 29 than any other age group. This may be, in part, because young people may not understand how widespread the threat is, and don’t take the necessary steps to protect themselves. And what about younger children? Children as young as newborns are having their identities stolen, and thieves are using their social security numbers to get loans, jobs, and lots more.

Unfortunately, thousands of young identity theft victims are being denied credit, college loans, or even jobs because of a damaged credit history. Some even wind up with criminal records because of crimes committed by someone else using their name.

Take a few minutes to discuss common identity theft schemes with your teens, and younger children. They should know that fraudulent e-mails are often used to try to extract information, and they should understand how important it is to keep their passwords, account numbers, and Social Security number private.

Encourage your child to visit the Identity Theft Resource Center. They can click on “Teen Space” to  view a short video, play educational games, take safety quizzes and read information articles.

You can also enroll your child aged 0-16 in LifeLock for only $22.50 per year. They will place fraud alerts with the three major credit reporting agencies to ensure your child’s identity isn’t stolen.

Questions or Comments? E-Mail me at blogger@matadorsmoneymatters.com.

Category Posted in Tips

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