Protecting Kids from ID Theft

child identity theft

Identity or ID theft is a crime, which is not only targets adults but it also targets kids. The worrying fact is that many children are unaware of the fact that they have been victims of crime until they apply for jobs, student loans or credit cards. It is therefore important that you monitor your kids’ credit reports on a regular basis in order to make sure that the reports are not being tampered with. It is a fact that parents can be accused of the ID theft of their kids too, due to their bad credit reports. The pilfering process is done through trash, e-mail or forms like doctor or school reports that are not well secured.

It is therefore important to start with paying attention to the fear of ID theft by investigating unusual events and occasions. Investing in an office shredder is important as this is the correct way to dispose of any credit card or loan offers that your kids may receive. Kids and teens are easily targeted for ID theft and the instances are common than we realize. These might include situations such as 13 year olds owing mortgage loans or, for that matter, credit card debts. According to the findings of the Federal Trade Commission, over 40000 kids are susceptible to ID theft every year, which is very alarming.

Measures to Prevent Identity Theft in Kids

First and foremost, you need to teach your kids about the value of privacy. Many of us cannot keep our personal information private. This is why kids should be encouraged to keep certain details classified including social security numbers, bank account details, PIN numbers and passwords.

You can prevent child Identification theft by asking your kid to keep their social security cards at home. However, this is valuable advice that is applicable to everyone, not just kids.

Keep a note of the person or authority to which you are giving your kid’s social security number or photocopy of their birth certificate. There may be places or times when providing such information may be a requirement but you should note whether it is for creating a bank account or seeking admission to a school. If it is not any of these, stop to consider whether providing the details is at all necessary. Check with the privacy policy of those with whom you are imparting the details. This will help you to have a clearer idea about the purpose for the asking of the details and whether there are risks involved.

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