Page 15 - November Issue 10 24 14_Neat
P. 15
It would be very dificult for your child to repair what has happened because of the dificulty
in tracking down the original loan applications and transaction records. The original account
has been through several hands because of companies merging and buyouts.
Our children need to be taught about the dangers of providing their personal information when
they are logged onto the net. Today's kids have a burning desire to log into the many chat rooms
and social networking sites and they may be asked for personal information on a registration
screen or by an identity thief.
The preventative identity theft company, Life Lock, has already launched the irst-of-its-kind
Children's ID Theft Prevention Program. Now,
Life Lock’s subscribers can add the children's
ID theft program to their existing full suite of ID
theft preventative services. The Children's Theft
Prevention Program is for minors 16 years and
younger. A recent study in the state of Utah revealed
that 1,800 Social Security numbers assigned to
children 12 years of age and younger had been
forged, according to the state's Identity Theft Task
Force.
The Federal Trade Commission (FTC) has advised
that between 5% and 7% of identity theft victims are
under the age of 18 and if you include college-aged Courtesy of eimacs.com
individuals, it is almost 20%.
"Due to the extreme increase in ID theft among minors, we have taken the initiative to develop
a irst-of-its-kind program to protect children," said Todd Davis, CEO of Life Lock. Tracking
credit bureau activity and monitoring depository accounts are considered standard when dealing
with identity theft. But Davis insists that working with the Social Security Administration
and identifying work activity from unusually young minors is a red lag that warrants further
investigation. "Life Lock is in the process of working with local and federal agencies, as well
as leaders in Washington D.C. to lead the efforts in protecting our children from identity theft.
This is a critical aspect of our overall service," continued Davis. "As the Utah investigation
demonstrated, sadly, there are numerous victims yet to be discovered." Life Lock subscribers
can pay $10 per year for the Children's ID Theft Prevention Program through which Life Lock
will regularly audit the credit bureau, monitor depository banking accounts, and track any
unusual "work activity" with the Social Security Administration on behalf of Life Lock’s youth
customers. All minors enrolled in the program will also beneit by Life Lock’s standard $1
million guarantee.
Thank you to Randy Vezina for your article submitted from http://www.articlesbase.com/
insurance-articles/child-identity-theft-549832.html
15
in tracking down the original loan applications and transaction records. The original account
has been through several hands because of companies merging and buyouts.
Our children need to be taught about the dangers of providing their personal information when
they are logged onto the net. Today's kids have a burning desire to log into the many chat rooms
and social networking sites and they may be asked for personal information on a registration
screen or by an identity thief.
The preventative identity theft company, Life Lock, has already launched the irst-of-its-kind
Children's ID Theft Prevention Program. Now,
Life Lock’s subscribers can add the children's
ID theft program to their existing full suite of ID
theft preventative services. The Children's Theft
Prevention Program is for minors 16 years and
younger. A recent study in the state of Utah revealed
that 1,800 Social Security numbers assigned to
children 12 years of age and younger had been
forged, according to the state's Identity Theft Task
Force.
The Federal Trade Commission (FTC) has advised
that between 5% and 7% of identity theft victims are
under the age of 18 and if you include college-aged Courtesy of eimacs.com
individuals, it is almost 20%.
"Due to the extreme increase in ID theft among minors, we have taken the initiative to develop
a irst-of-its-kind program to protect children," said Todd Davis, CEO of Life Lock. Tracking
credit bureau activity and monitoring depository accounts are considered standard when dealing
with identity theft. But Davis insists that working with the Social Security Administration
and identifying work activity from unusually young minors is a red lag that warrants further
investigation. "Life Lock is in the process of working with local and federal agencies, as well
as leaders in Washington D.C. to lead the efforts in protecting our children from identity theft.
This is a critical aspect of our overall service," continued Davis. "As the Utah investigation
demonstrated, sadly, there are numerous victims yet to be discovered." Life Lock subscribers
can pay $10 per year for the Children's ID Theft Prevention Program through which Life Lock
will regularly audit the credit bureau, monitor depository banking accounts, and track any
unusual "work activity" with the Social Security Administration on behalf of Life Lock’s youth
customers. All minors enrolled in the program will also beneit by Life Lock’s standard $1
million guarantee.
Thank you to Randy Vezina for your article submitted from http://www.articlesbase.com/
insurance-articles/child-identity-theft-549832.html
15
