With Child ID Theft Increasing, Equifax Introduces New Product to Help Protect Minors
Equifax Inc. announced the launch of Equifax Complete(TM) Family Plan, which offers families a combined identity protection and credit monitoring product for two adults and their minor children.
Child identity theft most often occurs when someone obtains the Social Security number or other identifying information of a minor and uses it to apply for a credit card, bank account, loan, job, driver’s license, or even government benefits. A parent may not discover the child’s identity has been stolen or compromised for years — perhaps finding out when collection agencies call or when the child becomes an adult and is turned down for that first credit card.
Source: Marketwatch.com
