One in 10 children will become victim to child identity theft and the thieves can go unnoticed for years as children’s credit reports may not be checked until they turn 18. Many times families discover the crime when the child applies for his or her first credit card, loan or apartment and are met with the shocking reality that their credit has been fraudulently used.
CSID recently conducted a consumer survey to understand parental awareness, concern and action around this growing issue. The survey found that 56 percent of parents are aware that child identity theft is a growing trend and 76 percent of them are concerned that their child’s identity might be stolen. However, despite the awareness of the issue, 52 percent of parents are not currently taking measures to prevent the misuse of their child’s online information.
The survey also revealed that 88 percent of the parents who are not currently taking measures to prevent the misuse of their child’s online information would be willing to do so. In fact, a large majority – 93 percent – would support their state or local governments passing regulations to protect children’s online activity and identity information.
The survey data suggests that parents are aware of the issue and willing to take action, but don’t know what to do or where to begin. CSID teamed up with Dena Haritos Tsamitis, director of education, training and outreach at Carnegie Mellon’s CyLab, Tim Woda, co-founder of UKnowKids.com and Clay Nichols, chief creative officer at LookOut Social to present “Child Identity Theft: A Parenting Blind Spot,” a webinar about the growing trend of child identity theft and what parents – and businesses – can do to address it.
Learn more about the prevalence and impact of child identity theft and what CSID, Carnegie Mellon’s CyLab, UKnowKids.com and LookOut Social recommend parents and businesses do to combat this growing trend. Download the white paper and view the infographic and then share your thoughts with us on Facebook and Twitter using hashtag #SecureChildID.