Fox Business Network – The Epidemic of Child Identity Theft

Fox Business Network – The Epidemic of Child Identity Theft


. DEIRDRE: ALL AMERICANS ARE VULNERABLE TO HACK ATTACKS, INCLUDING GOVERNMENT WORKERS, AS WE HAVE SEEN THIS PAST YEAR. BUT THERE’S A NEW REPORT THAT FINDS THAT CHILDREN ARE ACTUALLY 51 TIMES MORE LIKELY TO BE VICTIMS OF IDENTITY THEFT THAN ADULTS. CYBERSECURITY EXPERTS MORGAN WRIGHT, PARENTING COACH, AUTHOR OF THE NANNY WHISPERER, TAMMY GOLD WITH ME NOW. MORGAN, YOU HAVE A VERY PRACTICAL CHECKLIST THAT WE CAN GO THROUGH TO MAKE SURE OUR KIDS DON’T EXPOSE SOME OF THEIR DATA UNWITTINGLY.>>I CALL IT THE FIVE GOLDEN RULES. THE FIRST THING IS MAKE SURE YOU’RE PROTECTED WITH AN IDENTITY THEFT PLAN THAT HAS NOT JUST MONITORING BUT RESTORATION IF IDENTITY IS STOLEN. YOU WANT TO GET IT BACK TO THE WAY IT WAS ON DAY ONE. DO SIMPLE STUFF, USE SECURITY SOFTWARE, STRONG PASSWORDS. MAKE SURE YOU’RE NOT THE BAIT FOR PHISHING, TEACH YOUR CHILDREN NOT TO CLICK ON LINKS. MANY THINGS THEY CAN DO. A LOT OF THIS STEMS FROM SOCIAL MEDIA. A LOT OF IT STEMS FROM THE FAMILIARITY WITH INTERNET TECHNOLOGY, SO THEY’RE VERY MORE LIKELY TO SHARE PRIVATE INFORMATION THAN MOST ADULTS WOULD BE. DEIRDRE: SO BRINGING UP THAT POINT, FAMILY, HOW DO YOU TALK TO KIDS ABOUT THIS WITHOUT SCARING THEM. AS MORGAN POINTS OUT, INSTAGRAM, BEING ON FACEBOOK, SNAPCHAT, THIS IS PART OF ANYBODY’S LIFE WHO IS TEN OR EVEN HIGHER. HOW DO YOU TALK TO KIDS WITHOUT SCARING THEM? >>SO AS YOU MENTIONED, THIS IS A PART OF THEIR DAILY LIFE NOW, TECHNOLOGY. YOU WANT TO EXPLAIN THE CONCEPT. YOU WANT TO EXPLAIN IT IN A CALM MANNER, BUT CERTAINLY OLDER CHILDREN, STARTING AT EIGHT. YOU CAN EXPLAIN WE HAVE SOCIAL SECURITY NUMBERS AND WHAT COULD HAPPEN IF THEY GET INTO THE WRONG HANDS. USUALLY CHILDREN DO BETTER WITH RULES IF THEY UNDERSTAND WHY WE HAVE THE RULES. SO EXPLAINING TO THEM IS SOMEONE COULD TAKE THIS PRIVATE NUMBER AND DOWN THE ROAD IT COULD AFFECT YOU GETTING A JOB, THAT’S A SIMPLE NOT TERRIFYING EXPLANATION TO WHY THEY SHOULD FOLLOW THIS RULE. THE MORE THEY KNOW, THE BETTER THEY USUALLY FOLLOW. DEIRDRE: AND MORGAN, WITH REASON TO FOLLOW THE RULES IS THAT KIDS DON’T HAVE ANY BAD CREDIT HISTORY BECAUSE THEY HAVE NO CREDIT HISTORY. SO THEY’RE TARGETED IN DIFFERENT WAYS.>>ABSOLUTELY. NO CREDIT IS BETTER THAN BAD CREDIT, AND THE THING IS WITH CHILDREN, THEY WILL GO UNDETECTED FOR LONG AMOUNTS OF TIME, BECAUSE PARENTS ARE PROTECTING BANK ACCOUNTS, CREDIT INFORMATION, A GOOD FRIEND OF MINE WENT TO ENROLL HIS SON FOR COLLEGE, FOUND OUT HIS SON HAD BEEN TRADING STOCKS FOR TWO YEARS UNDER HIS NAME. THE CREDIT BUREAUS HAVE TO DO A BETTER JOB OF MATCHING UP CHILDREN AND SOCIAL SECURITY NUMBERS TO ACCOUNTS THAT ARE NONEXISTENT. THAT’S A HUGE GAP THE PEOPLE ARE EXPLOITING WITH THE DATA BREACHES AND DATA BROKERS THEY ARE MINING INFORMATION FROM. DEIRDRE: AS A CURIOSITY QUESTION, HOW MANY PARENTS TALK TO YOU ABOUT THE ROLE OF SOCIAL MEDIA IN THEIR LIVES? >>YOU KNOW, THIS PARTICULAR PIECE OF THE IDENTITY THEFT AND THE PIECES INVOLVING FINANCIAL SECURITY, THEY’RE NOT REALLY FOCUSED ON THAT PIECE OF THE TECHNOLOGY ISSUE, THEY’RE FOCUSED ON BEING INAPPROPRIATE ON INSTAGRAM OR A PREDATOR FINDING THEM AND KIDNAPPING THEM, AND THEY’RE LESS LIKELY TO — THEY GO TO THE MOST DANGEROUS PIECE AND A LOT OF PEOPLE FORGET ABOUT THE FINANCIAL PIECE. IT’S IMPORTANT TO REMIND PARENTS THAT THERE’S THIS UNDERLYING HARM THAT CAN BE DONE BUT EASILY AVERTED IF YOU HAVE THE PROPER TECHNIQUES TO KEEP THE CHILDREN FROM PUTTING IN THE PASSWORDS AND THE PROPER SOFTWARE TO PREVENT THEM FROM GETTING OUT THIS INFORMATION THAT THEY THINK IS HARMLESS, WHICH DOWN THE ROAD COULD BE HARMFUL TO THEM. BECAUSE LIKE YOU SAID, THEY’RE SNAP CHATTING, INSTAGRAMING. THEY THINK IT’S GOING TO THEIR FRIENDS. THE YOUNG ONES ARE INNOCENT. THEY DON’T UNDERSTAND THAT SOMEONE MAY BE OUT THERE TRYING TO HURT THEM. GETTING THAT INFORMATION OUT WILL BE HELPFUL. DEIRDRE: A GOOD REMINDER. TAMMY GOLD, AUTHOR OF THE NANNY

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