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Social Security Numbers: A Key to Protecting Children from Scams
The root of the problem, when it comes to protecting young people from fraudsters and scammers, is education, pure and simple. With the Internet Crime Complaint Center reporting more than 18,000 victims under the age of 20 and losses totaling $22.5 million, this is serious business, and foremost in the list of strategies used by the criminal element is the use of Social Security numbers issued to children in opening credit cards, loans or utility accounts. BECU–the Boeing Employees Credit Union–offers in a post on their website a framework for understanding how the bad guys use Social Security numbers to target young people, along with suggestions for parents and guardians to safeguard them from fraud situations. Check it out here…