Data from a recent study showed:
Children are 51 time more likely to have their identity stolen than adults.
10.2% of children had someone else using their SSN
The youngest was 5 months old
Cars, homes, and credit cards were obtained using their SSNs
Down the full report here: child-identity-theft
How to Protect Your Child?
There are a number of steps you can take to help protect your child’s financial identity.
Contact each of the three main credit reporting companies Equifax (www.equifax.com); Experian (www.experian.com); and TransUnion (www.transunion.com) and freeze your child’s credit report.
Use a professional identity monitoring service like LifeLock (https://www.lifelock.com/products/lifelock-junior)