Identity Theft

Think your child isn't at risk of becoming yet another victim of identity theft? Think again. The FTC estimates that over 140,000 children are victims of ID theft every year, and the Carnegie Mellon University CyLab Child ID Theft Report showed that children are 51 times more likely to experience ID theft than adults.

Preventing child identity theft can be difficult because kids are easier targets than adults. Their Social Security numbers are unused so it's easier to associate different names and birth dates with them. Their identities are typically a blank slate and the likelihood of discovery is low since most parents don't monitor their children's identities.

The crime can go unnoticed for many years, often until they try to open a bank account or apply for a driver's license, job, student loan, or credit as a young adult. By then their identity could have been stolen and sold multiple times by thieves using it to obtain credit cards, insurance, medical services, employment, housing, passports, government benefits, and loans. The list goes on and on.

Safeguarding your child from identity theft begins with recognizing the signs, such as receiving unsolicited credit card offers or bills in his or her name. Here are five tips for preventing child identity theft:

1. Don't disclose Social Security numbers. Your child's Social Security number is the most important piece of personal information to protect. If an organization requests your child's Social Security number, ask how it will be used and how it will be protected. As the prevalence of ID theft has grown, providing a Social Security number is typically not required unless there are tax implications.

2. Request your child's credit report. The credit reporting agencies don't keep credit reports for minors because they aren't allowed to open lines of credit. If your child has a credit report, you know ID theft has been committed.

3. Get a crosscut shredder and put it to work. Shred all documents you receive in the mail that contain your child's personal information. Remember that mail such as unsolicited credit card offers are indicators of child identity theft, so shred these documents right away. (Don't forget to do this for yourself as well.) Then contact the credit bureaus to see if there's a credit file in your child's name.

4. Don't carry around your child's Social Security number. Preventing child identity theft also includes locking up his or her Social Security number with other important personal identity records such as birth certificates and passports, and only access it when you absolutely need it. Locking up all private information is generally a good idea to prevent houseguests or babysitters from viewing it.

5. Monitor your child's social networking accounts. Identity thieves troll social networking websites, so make sure private information like date of birth, address, and names of family members are not included in profiles. It's also a good idea to set privacy settings so your child's profile can only be viewed by friends and family.

In addition to these do-it-yourself precautions, you can start proactively preventing child identity theft by relying on a trusted company like Entrust America. Entrust America will protect you and your family from all forms of ID theft, and is the only company with a proprietary partnership with law enforcement nationwide to recover identities and ensure you get back to pre-theft status.

Learn more about preventing child identity theft by visiting http://www.TheIdentityAdvocate.com or calling 310.831.4400.

Linda Vincent, R.N., P.I., is an identity theft, medical identity theft, and healthcare fraud prevention expert specializing in medical consulting and investigations. She is the president of The Identity Advocate, which teaches corporations, professional practices, and consumers how to stop identity theft, medical identity theft, and healthcare fraud. Visit http://www.theidentityadvocate.com/ or call 310.831.4400.

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Children under five years old are the fastest growing victims of identity theft with a 105 percent increase over last year. That would be more than double! You may be asking yourself why the increase?

Toddlers have become the newest and most popular target for criminals because they possess a "clean slate." Their credit is untouched and absent of negative marks.Their identities are not tied to consumer loans, credit cards, student loans, or other lines of credit.

After obtaining a stolen social security number, one way a criminal can carry out identity theft of a child is to "tie" it to a different name and birth date. If a parent doesn't check their child's credit until she turns 18 - which is what the ID Thief is hoping for - the thief will have had 10, 12 up to 17 years of freedom using that one stolen number. That means this crime can often go undetected for years! And because the theft is almost always perpetrated by criminal organizations outside the jurisdiction of the United States, the possibility of prosecution is almost nil.

Case in point:

In Utah, there was a breach in the Health Department server in which thousands of social security numbers of children were exposed. The Utah Attorney General's office says because the thieves were outside the country, those cases cannot be prosecuted. This case was brought to light after the mother of a 5-year-old boy found out that her son's number had been stolen and used since 2001!

Many parents are wondering what they can do to help protect their children's identity.

No one can prevent theft of an identity, but here's a few techniques to make it difficult for a thief to target your child:

1). Pull a credit report on your child from all 3 credit bureaus. If you find out fraud has been committed, file a police report AND an Identity Theft Affidavit. Place an immediate "freeze" on the account.

2). Educate the importance not disclosing any personal information to anyone-online OR off. Also, if they are old enough, teach them about online privacy. Often times, online impostors will try to "bully" or coerce a child into giving up their social security number.

3). Monitor their online activities. I know, you want to be known as the "cool" parent. The difference of being cool or cautious could be catastrophic! You don't want to think back and say, "I shoulda, coulda or woulda."

4). Invest in a paper shredder, preferably a micro-cut unit.

5). And as always, update your internet browser and anti-virus software.

Be safe and stay informed.

Thomas DeVoe specializes in providing valuable, up-to-date strategies, tips and suggestions on how to avoid becoming the next victim of Identity Theft. For your FREE detailed report visit==> http://www.myidprotectiontips.com/

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Identity theft doesn't just affect adults. Children are also at risk of having their identity stolen, and this type of crime is becoming more common. Children are good targets for identity theft because it may be years before the crime is discovered. Usually the child's parents discover that their child's identity has been stolen when they attempt to open a bank account or a college fund for their child or when their child begins receiving credit card applications in the mail or calls from collection agencies. They may find out about the crime when their child is denied a driver's license for unpaid traffic tickets or when the police come to their door to arrest them for writing bad checks. These events may happen years after the child's identity is stolen.

Lenders have no way of knowing the age of the person applying for credit. The information on the application is usually accepted with very little investigation into its accuracy. It is important that parents stay vigilant in protecting their children's identity. One way to prevent identity theft is by placing a freeze on their child's credit report. With a freeze in place lenders will not extend credit. The freeze can be lifted when the child becomes an adult and needs to establish a credit history. Parents should also check their child's credit report regularly.

If you discover your child's identity has been stolen, contact the credit agencies, dispute the reporting and ask the credit agencies to remove the notations from the child's credit report. Parents should also file a police report so that there is some record supporting the parent's assertion that their child's identity has been stolen. Request copies of all statements, loan applications and requests for extension of credit from the lenders and provide this information to the police so that they can use it in their investigation.

It can be a very difficult process to clean up a person's credit history after identity theft and it requires very little effort to prevent most cases of identity theft from occurring. Shred documents containing your child's personal information rather than throwing them away. Don't carry your child's social security cards and other documents containing personal information with you. These documents should be kept at home in a secure place or in a safe deposit box. Finally, be on the lookout for signs that there is a problem, such as receiving credit card applications in your child's name in the mail.

Nathan S. Graham is an attorney with The Wright Firm, LLP. Nathan represents individuals and small businesses in Chapter 7 and Chapter 13 bankruptcy cases. The Wright Firm, LLP, has offices in Dallas, Denton, Lewisville, and Frisco.

For more information about Nathan Graham visit Nathan's Dallas Bankruptcy Attorney Blog at http://bankruptcyinfo-dallas.com/.

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Identity theft is a rampant problem especially now that there are so many ways to get vital information from people. From skimming credit cards to sending phishing messages to just stealing information from certain databases. But what is child identity theft?

One of the most alarming cases of identity theft is when it occurs on a child. If your two-year-old for example has been getting calls from credit card companies or other banking institutions, you better check what's going on because someone might be using your child's name.

This crime occurs when a child's identity or name is used by an individual for the latter's personal gain -personal financial gain to be exact. What is worse is the perpetrator can be a member of the child's family. Another possible scenario is the use of the child's identity by a family friend. According to authorities however, the perpetrator could also be someone that the family of the child does not know.

Why a child's identity though?

Authorities say this method is chosen by criminals because it takes time before the crime is discovered. Although there are cases that may appear as child identity theft, e.g. receiving a pre-approved credit card under your child's name, parents should still beware of this crime. Child identity theft occurs when your child's Social Security Number (SSN) is utilized in establishing new lines of credit.

The question is, how is this possible? Many do not know that creditors cannot verify the age of their applicants. Most application forms are taken at face value. This is a flaw in the system but there is yet another flaw that the government should take a look at. The credit reporting agencies and the Social Security system do not share information with each other, making it impossible for the CRAs to know that certain applications are fraudulent. This means that a perpetrator of this particular crime can say he or she is 30 and the CRAs will believe him or her unless of course someone files a complaint.

Parents of the victim are the first ones who would usually notice something is amiss. This usually happens when the parents of the child try to open a savings account under the child's name but are denied because of a bad credit record. Another flag is when parents keep receiving checks, credit cards and bills under the name of the child. More often than not, parents discover that their child's identity was stolen when they start receiving calls from collection agencies or when they start receiving letters about certain bank accounts that were not opened by their child.

Trouble later in life

Adults whose identities were stolen when they were children are usually denied credit and won't be able to get a loan even if they never incurred any debt from any banking institution. They are also usually denied utility or phone service and sometimes even tenancy. This crime can really affect a person's life and might even get arrested for something that they do not even know about.

If you think you or your child is a victim of child identity theft, it would be best to file a complaint and investigate as soon as you can.

Jason is the Founder and Creative Director of StartProducingWealth.com. For more resources and information on wealth creation and wealth protection, visit Start Producing Wealth.

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