This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Back-to-School Is High Season For Child Identity Theft

ATLANTA, July 30, 2013 (GLOBE NEWSWIRE) -- Whether you are enrolling your kindergartener in school for the first time, equipping your middle school child with his first smartphone or sending your daughter to high school with a debit card, it's important during the back-to-school season to be vigilant about safeguarding your children's identities.

Back-to-school brings reams of paperwork, from after-school program forms to sports team physicals to school registration documents. The details parents provide in these forms can leave children vulnerable to identity theft, an increasingly serious problem that might not be discovered until a child applies for credit as a young adult.

A 2012 study by Javelin Strategy and Research found that at least 2.5 percent of U.S. households with children under age 18 experienced child identity fraud. Researchers also concluded that child identity theft is under-reported, because the crime may not come to light until the child is older.

Identity protection experts at Equifax urge parents to ask questions before handing over their child's personal information.

"It's important to ask why an organization needs your child's full name, date of birth and Social Security number," said Trey Loughran, president of the Personal Solutions unit at Equifax. "This is your child's identity -- it's something parents should not give away casually, especially as the incidence of identity theft continues to grow among Americans of all ages."

Tips for the back-to-school season include:
  • Carry your child's Social Security card, birth certificate or passport with you only when necessary.
  • When not in use, keep these documents locked in a safe place.
  • If you are asked for your child's Social Security number, ask these three questions: Why is it needed? Isn't there another way to identify my child? How will my child's information be protected? Only reveal your child's Social Security number if you have no other option.
  • Before providing information, ask how the school or organization stores and discards sensitive documents.
  • Use a cross-cut shredder to destroy documents with your child's full name and other identifying details, including date of birth.
  • Teach your children the importance of protecting their personal information on social media. Children should never post their full name, address, date of birth or other details on social media sites.
  • Make sure your kids use passwords for their smartphones and tablets, and teach them the importance of changing passwords frequently and never sharing passwords with others.
  • Teach older kids with credit, debit and ATM cards to check their statements each month and be discreet when keying in PINs.
  • Consider a credit monitoring and identity theft protection product for your family, such as Equifax Complete Family Plan , which can help protect the identities of two adults and up to four minor children in one comprehensive plan.

For more information about the Equifax Complete Family Plan, visit www.equifax.com/family . Learn more about child identity theft in our downloadable education kit. Child monitoring is available as part of the Equifax Complete Family Plan or is available to existing Equifax subscription customers.

About Equifax

Equifax Personal Solutions empowers consumers with the confidence and control to be their financial best. Find out more about Equifax's innovative suite of credit monitoring and identity protection products at www.equifax.com . Learn about identity theft and how to help protect yourself and your family at IdentityProtection.com. Get smart information on everything from credit to retirement, all in one place at the Equifax Finance Blog, blog.equifax.com.

Equifax is a global leader in consumer, commercial and workforce information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs