Disclosure: This is a post written by me and any opinions expressed are my own. I may or may not have received compensation for my services.
I became a LifeLock Ambassador last year and I can’t tell you the amount of crucial information I have learned about Identity theft. Just when I think I know it all, the next month brings another draw dropper of facts. From ways people can get our information to how many of our service men and woman are targeted.
This month I want to educate you on just how much your child is at risk for Identity Theft. Seems crazy right? I would want to steal the identity of a child? They have absolutely no credit history so what good would it do. It may surprise you to learn that this makes them a prime target for Identity theft! Are you sitting there thinking you can’t afford it? LifeLock Memberships start as low as just $10 a month!
Identity thieves, criminals, and even relatives or friends may take advantage of your child’s identity. Personal identity information such as your child’s Social Security number and date of birth can be obtained from many places including medical offices, schools, and even online profiles. Armed with a child’s personal information, thieves can fraudulently:
- Open new credit-based accounts like credit cards or mortgages
- Establish new non-credit accounts like utilities, and cell phone services
- Obtain employment and then evade paying taxes, for which the child will be held responsible.
When I was in Arizona, I learned about a man who got satellite TV in his sons name because he wanted the NFL Ticket. He apparently was not paying the bills and when they kid was old enough, his credit was damaged by this. Props for the Dad for messing up the kids credit before he could even get started *insert sarcasm*
- 8% of the ID Theft Complaints filed in the FTC Consumer Sentinel Network in 2010 were for victims aged 19
- According to a McAfee study on “risky online behavior of teens”: Although teens are heavy Internet users, it’s still surprising that 27% say that they have accidentally infected their home computer with a virus or other malware, and 14% say that they shared their passwords with friends.
LifeLock for Minors is specially designed to provide you and your family with greater peace of mind. Our LifeLock Identity Alert system does not require credit files to help protect your family, giving them the benefit of broader identity coverage and early notification of potential threats to yourchild’s identity. We know most children don’t have credit files, and don’t establish utilities or apply for mortgages. That’s why our advanced LifeLock Identity Alert system helps detect applications for many forms of credit and non-credit based services using any piece of your child’s identity information – even just the Social Security number.Not only do we alert you when we find applications for many forms of retail credit cards, mortgage loans, and auto loans, but also for other non-credit related transactions, including wireless service, utilities, check reorders,and non-credit related payday loans that contain your child’s identity information. If an application is fraudulent, our remediation team will take action to help restore your child’s good name.But that’s not all LifeLock does. Every child enrolled in LifeLock for Minors is covered by our $1 Million Total Service Guarantee. As a member of LifeLock, if your child becomes a victim of identity theft due to a failure in our service, we’ll help fix it at our expense, up to $1,000,000. Help protect your children today with LifeLock. It’s easy and inexpensive to add a child to your existing account.
- According to a recent Carnegie Mellon CyLab survey, 10.2% of the children in the report had someone else using their Social Security number.
- New study from ID ANALYTICS found that 140,000 identity frauds are perpetrated on minors each year and that credit card and wireless activity are the most common—60 percent of the potential fraudulent identity use alerts sent to minors originated from the credit card industry.
- Unused Social Security numbers are uniquely valuable as thieves can pair them with any name and birth date. This is particularly useful for illegal immigration.
- A child’s identity is a blank slate, and the probability of discovery is low, as the child will not be using it for a long period of time. Parents typically don’t monitor their children’s identities.
- The potential impact on the child’s future is profound; it could destroy or damage a child’s ability to win approval on student loans, acquire a mobile phone, obtain a job or secure a place to live.
- The primary drivers for such attacks are illegal immigration (e.g., to obtain false IDs for employment), organized crime (e.g., to engage in financial fraud) and friends and family (e.g., to circumvent bad credit ratings, etc.).
Disclosure: MAK Media, LLC participates as a LifeLock Brand Ambassador and this is a sponsored post. Any views and opinions expressed on this blog are those of the writer. This post is solely the property of MAK Media, LLC. No payment or product persuaded any personal beliefs or views. Writers for MAK Media, LLC are under no obligation to write a positive post. You can read more about our Disclosure Policy here.