Did you know that kids are more likely to be victims of identity theft than grown ups?
- study by Carnegie Mellon University’s CyLab saying children are 51 times more likely to be a victim of identity theft than adults
- approximately 30% of child identity theft is done by the child’s own family members
- parents should make sure any records containing kid’s personal info such as ss # be locked away & secure
- many school forms require personal info about your child, if not secured i.d. theft can happen
- The Family Educational Rights Privacy Act (FERPA) protects the privacy of student records & gives parents right to opt out of sharing contact information with third parties
- 22 states allow parents, legal guardians or other reps of minors to put security freeze on minor’s credit report
How Does a child’s ID get stolen?
- mishandling of student records
- student directories that include too much info such as home address, full name, and date of birth
- adults have options to freeze their credit reports & get a restricted pin for accessing the report rendering them useless to crooks without knowing pin code
- minors usually don’t have a credit report, except in states where you now can freeze until it’s time for legit use
How can you protect your kids from ID theft?
- become familiar with FERPA (Family Educational Rights Privacy Act) and contact a lawyer (click here to keep reading) if required
- protect student records
- opt out from sharing records to third parties
- lock away your children’s important records at home from prying eyes especially extended family