• Act Thoughtfully to Protect Your ChildrenMay 28, 2020

    child on computer

    A portion of this blog was taken from a CyberScout publication for member companies.

    If identity thieves obtain your child’s Social Security number, they can slowly create new accounts and rack up bills without setting off many red flags. Talk to your child about safe online behavior and protect them from online bullying. Minors who are bullied online are more than nine times more likely to be victims of fraud. 1 Experts believe this may be because they are more willing to share information online in search of acceptance.

    If you have minor children, you can ask the credit bureaus if a credit report exists for them. The Consumer Financial Protection Bureau (CFPB) has an article with tips on how to do that. You can request the file from any of the three bureaus. This is especially important if you believe your child may have been the victim of identity theft. If you discover that your child has a credit file, you can dispute the error. This tip sheet from the CFPB includes information on how to dispute the credit file for your child.

    1 2018 Child Identity Fraud Study, Javelin Strategy & Research

    This information is meant to be a broad overview and should not be the only source you consult for evaluating your risk management needs. Adherence to the above guidelines does not ensure coverage under your policy, nor does it guarantee your risk will be accepted by our company or that your property or operations are safe, healthful, or in compliance with laws, rules, or regulations. Coverage is determined by specific policy provisions, limitations and exclusions that can only be expressed in the policy itself.

    All Updates

Have a question? Ask Us or Find an Agent