It turns out the boogeyman is actually hiding in the deep dark web, not your child’s closet.
Identity theft is often misconstrued as an issue that only adults deal with; however, it’s also something that affects children. According to Javelin Strategy and Research’s 2018 Child Identity Fraud Study, one million child identity theft cases were reported in the U.S. last year.
It is important to note that these are only reported cases, so the actual number of child identity theft victims is likely higher. According to the calls we receive from impacted individuals, many child identity theft cases go underreported because they may have been perpetrated by a custodial or non-custodial parent, a close relative or even family friend, and the victim might not feel comfortable pressing charges.
Criminals see children’s identities as a hot commodity because they’re typically unmonitored and clean. Since children don’t start to establish credit until they are an adult (age 18) and open their first credit card or take out a loan, parents don’t usually think to check their child’s credit history. Unfortunately, criminals see this as the perfect opportunity to use your child’s information to open up several accounts, which may go undetected for years.
After the child’s information is stolen, criminals often turn to the dark web to sell it for as low as one dollar. The Dark Web, which contains some areas that are not accessible by normal internet browsers or are gated, holds a variety of illicit activity. So if you’ve been a victim of a data breach or gave personal information to a scammer, your information might be living there, as well as your child’s information.
Even though your child isn’t opening up new lines of credit at the moment, they are still at risk of having their information exposed. One way this can happen is through a data breach. You should be aware that accidental breaches do occur and you should be mindful of the consequences. For example, schools, doctor offices and daycares hold your child’s personal identifying information (PII) and could be potentially breached. It’s important to find out how your child’s information is collected, stored and disposed.
Often times, thieves will buy a child’s Social Security number (SSN) from the dark web and combine it with a fake date of birth, address and name to completely fabricate an identity. Considered synthetic identity fraud, this is an increasingly common method that criminals use to commit identity theft. In order to protect your child from the dark web, it’s important to check if a credit report exists with your child’s SSN regularly, never carry their SSN and only provide their SSN when it’s required.
Checking for the existence of a credit report with each of the three credit bureaus is a leading way to identify child identity theft. There are other indicators including the following:
- Your child receives offers for pre-approved credit cards.
- You receive bills in your child’s name.
- A collection notice arrives with your child’s name on it.
- Your application for government benefits for your child is refused because benefits are already being paid out to someone using your child’s Social Security number.
- You receive a letter from the IRS saying your child owes taxes. Be aware, however, that any phone call from someone claiming to be with the IRS is almost certainly fraudulent. The IRS communicates with taxpayers by U.S. mail only.
You can contact the Identity Theft Resource Center for free assistance at 888-400-5530 or through the live chat feature on their website: https://www.idtheftcenter.org/
Experian proudly provides financial support to the Identity Theft Resource Center.
Contact the Identity Theft Resource Center for toll-free, no-cost assistance at (888) 400-5530. For on-the-go assistance, check out the free ID Theft Help App from ITRC.