Here's how to protect your child from identity theft. investinyou (In partnership with acorns.)
That opens the door for an identity thief to take over, open new accounts and run up large debts. The victim could be an adult before they discover that their credit history has been ruined.Pay close attention to people with access to your child's Social Security number.
Javelin estimates that 6 in 10 child victims personally know the perpetrator, compared to 7% of adults. Family friends were the most common suspect, accounting for a third of cases. This type of fraud is often a crime of opportunity so keep any sensitive personal and financial information out of sight, such as birth certificates and tax returns, and password protect your home electronic devices.Parents should know what personal information their children are storing on electronic devices or with third parties, and teach them safe internet behaviors — including how to spot potential scams and phishing attempts.
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