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06/08/22

Cybercriminals Target Children for Identity Theft

Yes, you read that right. Children have been, and continue to be, targets of cybercriminals for identity theft. You may be thinking, “What do they have to steal? Monopoly money?” Sure, many children (sans the viral TikTok stars and YouTube wonders) don’t have assets, let alone, a credit profile, to be stolen. But, they do have an identity, a social security number, and a record that could be tarnished well-before they even turn 18 years old. 

A national poll showed that 1 in 3 children ages 7-9 years old and 1 in 2 children ages 10-12 use social media apps.² Because of this high usage rate, monitoring their social media accounts should be made a priority since children often (unknowingly) overshare information, placing them at higher risk for safety threats and identity theft.

So, what does this mean for children? What does this mean for their parents?

U.S. families effected by child identity fraud end up devoting a tremendous amount of time to resolve the fraud and (collectively) spend close to $1 billion dollars! ¹ Broken down, that is one out of every 50 children, costing individual families over $1,000 on average.³

Consider why children are targeted: Children have a blank credit profile (i.e. blank slate) making them great candidates for cybercriminals to open fraudulent accounts.

With a steadily increasing number of children on social media and remote learning, their identities are at higher risk than ever before. That is why protecting their identities should begin before they are adults!

Fortunately, IDSeal provides a simple solution for helping protect the identities of minor children. With Platinum Plus subscriptions, you can add up to 10 children to be monitored on your account.

What does that child monitoring include? Check it out:

  • Child SSN Tracker
  • Child Digital Spy Dark Web Monitoring
    • Social Security Monitoring
    • Child Bank Account, Credit/Debit Card Monitoring
    • Child Medical ID Monitoring
    • Child Social Media Monitoring
      • Facebook
      • Twitter
      • Instagram
      • LinkedIn
    • Child Identity Restoration
    • Child Identity Theft Insurance

Children need protection from physical dangers just as much as they do from digital dangers. Protect them while you can. To learn more about the identity theft and device protection features included in Platinum Plus subscription, visit our Platinum Plus product features page.

Note: Whether you have children or not, this is something you should know and share with people who do have children.

¹ https://www.javelinstrategy.com/research/child-identity-fraud-web-deception-and-loss

² https://www.eurekalert.org/news-releases/931448

³ https://www.yahoo.com/now/child-identity-fraud-costs-nearly-131000502.html

It is not possible to prevent all identity theft or cybercrime, or to effectively monitor all activity on the internet. IDSeal cannot and does not guarantee complete protection against cybercrime or identity theft. IDSeal does not monitor the activities of all financial institutions, or all activities of any particular financial institution.

IDSeal Pro-Tec provides tools and resources to protect your data and identity, but no one can prevent all cybercrime or identity theft. Your own efforts are important to prevent unauthorized access to your personal information.

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1It is not possible to prevent all identity theft or cybercrime, or to effectively monitor all activity on the internet. IDSeal cannot and does not guarantee complete protection against cybercrime or identity theft. IDSeal does not monitor the activities of all financial institutions, or all activities of any particular financial institution. Review the IDSeal Terms and Conditions for specific details regarding IDSeal services.

2The Identity Theft Insurance is underwritten and administered by American Bankers Insurance Company of Florida, an Assurant company under group or blanket policy(ies). The description provided in the Summary of Benefits is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Review the Summary of Benefits.

3Recurring pricing shown excludes applicable sales tax. By enrolling as an IDSeal member under any plan, you authorize IDSeal to charge your payment method (credit/debit card) on a recurring basis for the fees associated with your membership plan. Review the IDSeal Terms and Conditions for important information regarding your membership, including your membership term, and your right to cancel; and review the IDSeal Privacy Policy for information regarding how IDSeal collects and processes your information.

4The credit scores provided are VantageScore 3.0 credit scores based on data from Equifax®, Experian® and TransUnion®. Any one bureau VantageScore mentioned is based on Experian data only. Please see the IDSeal Terms and Conditions for more information on credit scores.

5IDSeal Pro-Tec provides tools and resources to protect your data and identity, but no one can prevent all cybercrime or identity theft. Your own efforts are important to prevent unauthorized access to your personal information.

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