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Have you ever thought to check your child’s social security number or credit for fraud? ID theft involving children is increasing day by day. It’s never too early to check.

Over 1 million children in the US were affected by identity theft in 2017, according to a new study. Javelin Strategy & Research claims that in 2017 more than $2.5 billion in identity theft losses are ID theft involving children.

Here are some statistics:

About sixty percent of children involved know the perpetrator.  Approximately one third of all incidents normally includes a family member. Two thirds of the victims are younger than eight years old. Many circumstances include the spouse or step parent of the child’s parent.

With the increase in information stored for school and medical records, the possibility is there for identity theft. The study claims that over 10 percent of households had at least one child’s information stolen in the last year.

According to the FTC, there are several signs that a child’s ID may have been compromised:

  1.  The child may be turned down because an account has already been opened elsewhere
  2.  The IRS sends a notice claiming income taxes were not paid by the child
  3.  Debt collectors inquiring about products and services

It is recommended the credit of the child is frozen if anything suspicious is noticed.  Monitoring your child’s credit along with your own is also a plus.

Hiring a leader in ID theft protection, LifeLock, will help in the unfortunate case you become a victim. With LLPromoCodes.com we have the most current codes available for LifeLock protection.  It is never too late to protect yourself from ID theft.

 

No one can prevent all identity theft.

† LifeLock does not monitor all transactions at all businesses.

‡‡ Phone alerts made during normal local business hours.

‡ Reimbursement and Expense Compensation, each with limits of up to $25,000 for Standard, up to $100,000 for Advantage and up to $1 million for Ultimate Plus. And up to $1 million for coverage for lawyers and experts if needed, for all plans. Benefits provided by Master Policy issued by United Specialty Insurance Company, Inc. (State National Insurance Company, Inc. for NY State members). Policy terms, conditions and exclusions at: LifeLock.com/legal

1-If your LifeLock plan includes credit reports, scores, and/or credit monitoring features (“Credit Features”), two requirements must be met to receive said features: (i) your identity must be successfully verified with Equifax; and (ii) Equifax must be able to locate your credit file and it must contain sufficient credit history information. IF EITHER OF THE FOREGOING REQUIREMENTS ARE NOT MET YOU WILL NOT RECEIVE CREDIT FEATURES FROM ANY BUREAU. If your plan also includes Credit Features from Experian and/or TransUnion, the above verification process must also be successfully completed with Experian and/or TransUnion, as applicable. If verification is successfully completed with Equifax, but not with Experian and/or TransUnion, as applicable, you will not receive Credit Features from such bureau(s) until the verification process is successfully completed and until then you will only receive Credit Features from Equifax. Any credit monitoring from Experian and TransUnion will take several days to begin after your successful LifeLock plan enrollment.

*Important Pricing & Subscription Details:

◦ By subscribing, you are purchasing a recurring membership that begins when your purchase is completed and will automatically renew after your first paid term.

◦ The price quoted today may include an introductory offer. Depending on your selection, your membership will automatically renew and be billed at the applicable monthly or annual renewal price found here. The price is subject to change, but we will always notify you in advance. This offer not combinable with other offers.

◦ The credit reports, scores, and credit monitoring features may require an additional verification process and credit services will be withheld until such process is complete.

◦ You can cancel your membership at any time here, or by contacting Member Services at: 844-488-4540. If you are an annual member and request a refund within 60-days after being billed, you are entitled to a complete refund. Otherwise, you are eligible for a pro-rated refund on any unused months through the end of your term. For more details, please visit the LifeLock Refund Policy.

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