Just like adults, children are at risk of identity theft and fraud. That's why it's so important to educate kids about online safety, privacy and common scams from an early age.
Teach your kids how to stay secure and avoid fraud with these helpful fraud prevention lessons:
Lesson #1: Internet safety basics
Before your child starts using the Internet, make sure you have a conversation about safe online practices.
Here are some tips to cover:
Lesson #2: Privacy protection
Child identity theft is a growing problem. Because most children under 18 have no credit history, the fraud can go undetected for a very long time. All the identity thief needs is your child's Social Security number to apply for new accounts, loans or government benefits.
To help prevent identity theft, talk to your children about the importance of protecting their private information online. Explain that their personal information has value — just like money. Show your kids how to protect themselves by using strong privacy and security settings on apps and websites. Remind them to never share their personal information online, even with “friends."
Lesson #3: Signs of a scam
Scammers try new methods all the time, but every scam shares classic warning signs. Teach your kids that they notice any of these red flags, they're probably dealing with a scammer!
We all want to help our kids get their finances off to a great start, and that includes protecting them from fraud. Teaching your kids these lessons now is a great way to help them prevent, detect and avoid fraud later in life!
Wright-Patt Credit Union is here to help you and your family protect your personal and financial information and avoid becoming a victim of fraud. We have the tips, tools, and resources you need to keep your money and information safe. For more fraud prevention tips, visit WPCU.coop/StopFraud.