JACKSON, Tenn. – Identity theft is a serious concern that affects adults, but it also poses a growing threat to children. Statistics indicate that nearly 1 in 50 children are victims of identity theft each year, costing U.S. families nearly $1 billion annually. Because children often have a clean credit history, resolving these cases can be a complex and difficult process.
The increasing prevalence of social media and online interactions among younger children elevates their risk. The shift toward earlier exposure to online platforms creates opportunities for exploitation and data breaches, making it crucial for parents to be vigilant and proactive.
So, what warning signs should parents watch for to detect potential identity theft affecting their children? Common indicators include:
- Unauthorized credit or loan statements arriving in the mail.
- Collection calls and letters addressed to the child.
- Receipt of pre-approved offers for credit cards or insurance policies in the child’s name.
Toddnetta Trice, communications specialist for the Better Business Bureau, offered advice for parents who might be unsure whether a communication is legitimate. “If you are on the fence about it, someone randomly giving you a call asking questions about your child’s personal information, like social security number, go ahead and research that phone number. Make sure that it’s coming from a legitimate source if you are expecting a call from someone. We have recovery plans as well for identity theft, packets that will help you, if you have been a victim of identity theft,” Trice said.
If a parent suspects their child has been a victim of identity theft, the Federal Trade Commission (FTC) should be contacted to report the incident and initiate a recovery plan. The FTC provides resources and guides to help families navigate this challenging situation. To learn more U.S. news, click the link below.
