SAN FRANCISCO (KPIX) — The recent rash of retail security breaches have many adults keeping a closer watch on their bank statements and credit reports. But most people don’t realize that kids — even babies — can be targets of identity thieves.
Child identity theft rates were found to be more than 50 times higher than the average adult in a study published by the CyLab at Carnegie Mellon University.
That study indicated that 1 in 10 children had someone else using their Social Security number.
UPDATE July 2015:
After we aired this story on KPIX in 2014, I set out to create a step-by-step guide to help other parents freeze their child’s credit.
However, as I began going through the process myself, I discovered that the bureaus were putting both parent and child information at risk by using antiquated protocols.
I couldn’t in good faith ask other parents to do things I advise against on TV, so I set out to change those protocols. Six months and countless conversations later, I’ve convinced the bureaus to make a few changes.
Check out “How I Forced the Credit Bureaus to Freeze My Child’s Credit” for details on my journey and for a comprehensive guide to freezing your child’s credit.