Not many people think of child identity theft. A child doesn't have credit, doesn't own credit cards, most don't have bank accounts, and many are not on the internet. However, child identity fraud affects one out of 50 children, according to Javelin Strategy & Research. While child identity theft is not new, the number of children affected is rising as more children spend more time on the internet, including social media and remote learning. These and other factors put children at a higher risk for identity theft.
Between 2005 and June 2020, the United States saw over 12,000 reported data breaches where identity thieves stole over 11 billion records. Even when businesses and individuals take measures against identity theft, the numbers are still high, which means that identity thieves learn to get past protections you might have implemented.
The fraud number continues to rise; thus, you must implement and keep up with identity theft protection for yourselves and your children. Between 2019 and 2020, losses due to fraud increased by 45 percent.
In 2021, phishing attempts, cyberattacks and ransomware have been increasing. Thieves use formjacking, installing trojans, exploiting software, and other methods to gain access to the information needed to steal your child's identity.
You can help reduce the risk of having your child's identity stolen by:
If you no longer need a document with your child's personal information on it, shred it. Make sure your child changes his or her passwords to any online sites, including online learning sites. Instruct your children about identity theft protection and make sure they understand what can happen if his or her identity is stolen and that they should come to you as soon as they suspect anything.
Part of identity theft protection is shredding documents you no longer need to keep. Shred America provides shredding services to businesses and individuals. We are a veteran-run company. Some of our reviews include:
Whether you are a business that needs shredding every month or an individual who needs shredding once every year, contact Shred America to discuss your needs. We'll help you with a schedule and drop off drop boxes when you need them. The drop boxes lock, so you don't have to store old files in filing cabinets while waiting for an appointment.