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It's back-to-school time; an exciting time of new beginnings and new challenges. But as you send your children out into the world, they are also exposed to its risks, including identity theft. This issue of your ARX-ID member newsletter is packed with info to educate you on some important tips and resources for protecting your child's ID.

The countless forms you fill out to enroll for school increase your child's risk of exposure. You should also think about other places you provide personal information, such as the pediatrician or even extra-curricular activities. Limit what you share, and ask what they're doing to safeguard that info (does the baseball coach really need to know their full birthday, or is month and year enough?).

And don't forget your college age kids - read on to see why the college lifestyle puts them at particular risk for identity theft. Check out our recent data breach update, too; several hacks and accidental leaks have exposed tens of thousands of college students' data just in the past month.

CORE ID Services has several different ARX-ID plans to fit any family's needs. Just let us know if you have any questions about what we can do to help protect the people most precious to you.

Daniel J. Benish,
President
CORE ID Services, LLC



Top Tips for Protecting Your Child's Identity
ARX-ID Training Video


College Students at High Risk for ID Theft

College students, with their casual, communal lifestyle; high reliance on technology and social media; and constant exposure to enticing credit offers, are at high risk for identity theft. Additionally, colleges store students' personal information for everything from transcripts to student loans - if schools are targeted by hackers, all this information is exposed. Unfortunately, it takes "Millennials" (consumers aged 18-24) longer to detect fraud than the typical victim (94 days versus 50, according to Javelin Research and Strategy's 2010 Identity Fraud Survey Report). The same study also showed these college-aged young adults are the least likely group to monitor their accounts or take advantage of monitoring programs offered by financial institutions. ID monitoring is an excellent way to combat this harsh reality.

Student loans, apartment leases, job offers and even that first mortgage are all on the horizon, and all require clean credit. Share these tips with your Millennial to help keep their future looking bright.

  • You may be ready to leave the nest, but personal documents like your Social Security card, passport or birth certificate should stay home.
  • Have roommates? Have your mail go to your personal campus mailbox, a P.O. box, or your parent's home.
  • Password-lock your laptop, tablet or smartphone, and never leave them unattended during a study break.
  • Look into renter's insurance to protect your stuff - your parent's insurance may not cover it after you move out.
  • Don't use public computers or Wi-fi hotspots for accessing password-protected sites like your online bank.
  • Credit card companies love college students. Be careful about who you apply for credit with, and never co-sign a loan for a friend.
Check out more advice for college students in this video interview with the Better Business Bureau.

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© 2012 CORE ID Services, LLC


In this issue:
  • Letter from the President
  • Top Tips for Protecting Your Child's Identity
  • College Students at High Risk for ID Theft
  • Children's Social Security Numbers Highly Desirable to Thieves

space Children's Social Security Numbers Highly Desirable to Thieves

A 2010 study of children involved in data breaches found that those children were 51 times more likely than adults to become victims of identity fraud. The study suggests children's Social Security numbers, because they are often not associated with any other legitimate activity, are highly usable and desirable by identity thieves.* And yet parents rarely consider monitoring their children's identity for fraud. Without proactive ID monitoring, fraud can go undetected for years, only rearing its ugly head when it's time to apply for student loans, pass an employment background check, or rent an apartment.

ARX-ID Essentials coverage will provide full recovery assistance if you discover your child or other immediate family member has been a target of identity fraud. If you would like to add proactive, ongoing ID monitoring for all family members, consider upgrading to our ARX-ID Complete Family. When it comes to identity theft, ID monitoring is your best option for early detection and damage control.

*"Child Identity Theft: New Evidence Indicates Identity Thieves are Targeting Children for Unused Social Security Numbers," Richard Power, Distinguished Fellow, Carnegie Mellon CyLab

Did You Know:

Most child identity theft is perpetrated by an adult family member. If you are aware of someone in your family in financial difficulty, protect information even at home.

Recent Data Breaches
  • Overseas hackers accessed 34,000 records containing names and Social Security numbers at the University of South Carolina; the 8th and largest breach the school has experienced over the past six years.
  • Over 19,000 students and applicants at Colorado State University - Pueblo had their personally identifying information (PII) potentially exposed.
  • The University of Southern California notified students that credit cards used at University dining facilities were breached by unauthorized third party software.
  • A hack of the University of North Florida's student housing server exposed the names and Social Security numbers of 23,246 students in the second hacking incident to target the university in two years.
  • The University of Nebraska discovered a breach of their NeSIS database that holds Social Security numbers, addresses, grades, transcripts, housing and financial aid information. 654,000 records were exposed.
  • 780,000 medical records, including many for children, were hacked at the Utah Department of Health.

For details and updates on these data breaches and more, login to www.mycoreid.com.

About CORE ID Services

CORE ID Services, LLC provides identity theft protection to employees and other groups through their ARX-ID suite of services. We emphasize monitoring to detect identity theft in the early stages, and fully-managed recoveries to mitigate the effects of identity theft with the least possible stress and involvement on behalf of our plan members.