Protect your child’s financial future with these identity theft tips

(Sponsored by JPMorgan Chase) – With easily accessible online information and increased online transactions, safeguarding your child’s financial future is critical. Identity theft poses a significant threat, and children are not immune to its potential consequences. Here is a comprehensive list of tips to help parents and guardians navigate this essential aspect of securing their child’s financial well-being. Identity Theft Risk Factors for Children Related Stories A recent study reports that one in 50 U.S. children were victims of ID fraud. Children are particularly vulnerable to identity theft due to a combination of factors that make their information attractive targets for fraudsters. These include: Lack of credit history. Children typically lack an established credit history, making it easier for thieves to exploit their clean financial records. Unnoticed fraudulent activity. Since minors do not actively use or monitor their credit, fraudulent activities can go undetected for extended periods, allowing criminals to build a synthetic identity or open accounts in the child’s name without immediate consequences. The nature of children. The trusting nature of children, coupled with their limited understanding of online risks, makes them susceptible to inadvertently sharing personal information on social media or other platforms. Consequences of Identity Theft for...