Protect your children from identity theft

Children are vulnerable to identity theft as soon as a Social Insurance Number (SIN) is assigned.

Identity thieves want the personal information of children because they do not have credit records. By acquiring a child’s SIN, a scammer can create a completely new identity and successfully apply for loans and credit cards.

Protecting children against scammers is one of many fraud prevention topics covered in a new book from the Chartered Professional Accountants of Canada (CPA Canada) titled Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud.

The guide advises parents to always keep their child’s SIN under lock and key and never store it on a computer. Children also should not reveal potentially sensitive personal information, such as their home address and birthdate, on social media.

“Child identity theft is particularly dangerous because it can take 10 to 15 years to discover the crime,” explains the book’s author Kelley Keehn. “By this time, the scammer’s trail is cold and the damage to the victim’s credit record can be devastating. It’s also gut-wrenching for a parent to know someone has stolen their child’s identity.”

The CPA Canada guide was officially released today in Ottawa to Members of Parliament and other dignitaries as part of Fraud Prevention Month. The organization is helping Canadians gain the knowledge and confidence required to protect themselves against identity theft and fraud.

“The best defence is awareness, knowledge and the will to fight back,” stresses Keehn.

Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud can be obtained by visiting www.cpacanada.ca/fraudprevention.

An important contributor to the guide book is Jennifer Fiddian-Green, a forensic investigative accountant who has worked extensively with police forces to track down money launderers and fraudsters.

“We all are potential targets,” said Fiddian-Green, a partner with Grant Thornton LLP. “Canadians need to be more mindful of the risks and better understand how to protect themselves and the people close to us.”

People can report actual or suspected fraud to the Canadian Anti-Fraud Centre by visiting www.antifraudcentre.ca or calling toll free 1-888-495-8501. As the Centre notes on its website, the information may help identify a new or unique scam early on and allow prevention and awareness measures to be activated.

About CPA Canada

CPA Canada is the national organization established to support unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) designation. www.cpacanada.ca

 

Just Posted

UPDATE: Tsunami warning cancelled for coastal British Columbia

Warning issued following 7.9 earthquake off Kodiak, AK

Coordinated search finds missing Kelowna boy

All available police resources were called in to help find a missing boy Monday afternoon

Kelowna students leave for downhill challenge

A group of students from UBCO is ready for annual concrete toboggan race

Work continuing on new Kelowna visitor centre

Crews working through winter on downtown lakeshore site to have building ready for this summer

Pizza delivery car stolen during Kelowna delivery

While delivering a late night pizza, man has car stolen, then runs to recover it

Testing the Google Arts & Culture app

Going face to face with art

VIDEO: Fuel truck and train collide in B.C. causing massive fire

More emergency crews are still arriving on scene of a massive fire at the Port Coquitlam rail yard.

Back to work: U.S. government shutdown ends after Democrats relent

Short-term spending measure means both sides could see another shutdown stalemate in three weeks

Man lives despite malfunctioning defibrillator at B.C. arena

A middle-aged man went into cardiac arrest after at game at Pitt Meadows Arena last Wednesday.

Cause of Northern B.C. seaplane crash released

TSB releases report on seaplane crash during a water landing in 2016 near First Nations community

Vancouver police crack down on pop-up pot vendors

Officers raided merchants’ tables on Robson Square late Sunday

Angels at The Mule

Penticton nightclub introduces angel shots for safety

Dryer explosion at Teck Elkview Operations

Locals report hearing loud bang

Bell Media, NFL take appeal over Super Bowl ad rules to top court

At issue is a ban on substituting American ads with Canadian ones during the game’s broadcast

Most Read