CHICAGO, IL--(Marketwire - Aug 29, 2012) - As the school year fast approaches, TransUnion reminds parents to work with their children to help minimize their child's risk of becoming a victim of child identity theft. Children make a tempting target for identity thieves as theft of a child's identity may go undetected for years -- with possible serious consequences.
According to the Federal Trade Commission, more than 19,000 cases of child identity theft were reported in 2011, up from about 6,000 in 2003.
"In many cases the key elements required to open a credit account is a name and Social Security number. Since a child's Social Security number represents a 'clean slate' and has the potential to go undetected for years, it represents an appealing target to most identity theft thieves," said Heather Battison, TransUnion's senior director responsible for consumer education.
"Identity theft can affect your child's future credit and employment prospects if the perpetrator, who in many cases is a friend of the family or even a relative, obtains credit accounts using the child's Social Security number. The good news is there are steps parents can take to help minimize their child's risk of becoming a victim and signs to watch out for that could signal their child's identity has possibly been compromised or stolen."
To help safeguard your child's identity, TransUnion recommends the following to parents:
Possible warning signs of child identity theft include:
In the event that identity thieves may have targeted your child, TransUnion can help. After completing our secure Child Identity Theft Inquiry Form, TransUnion can investigate the existence of a potential credit file in your child's name using the information provided. After TransUnion's search is complete, they will respond using the email address provided. If TransUnion locates a file in the child's name, they will ask the parents for additional information in order to proceed with steps to protect the child from any impact associated with this fraudulent activity.
For more information on how to minimize your child's exposure to identity theft, visit www.TransUnion.com.
About TransUnion
TransUnion Interactive, Inc. is a consumer subsidiary of TransUnion. As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 32 countries on five continents. www.transunion.com Follow us on Facebook at http://www.facebook.com/TransUnion.
Contact Information:
For More Information:
John Branham
512.351.3512