Why Child Identity Theft Is a Growing Concern During Tax Season

Social Security numbers and other data stolen from kids are now making their way onto fraudulent tax returns.


By Bree Fowler

Attention parents: With the federal tax return deadline approaching, your child could be at increased risk for identity theft.

Researchers who specialize in the so-called dark web say they’re seeing an uptick in the number of online listings for personal information used by cybercriminals to claim dependents on fraudulent tax forms. At other times, that kind of data can be used for fake loan requests and credit card applications, too.

Earlier this year, employees at the cybersecurity firm Terbium Labs spotted a set of stolen data—titled “infant fullz”—that included a baby’s full name, Social Security number, date of birth, and mother’s maiden name. The listing was priced at $312—significantly more than the $5 requested for similar bundles of information for adults. (Used by data thieves, “fullz” refers to a  complete package of identity information stolen from a person.)

Read the full article on Consumer Reports: https://www.consumerreports.org/identity-theft/why-child-identity-theft-is-a-growing-concern-during-tax-season/


Sign Up for Updates from Quantum Xchange

Quantum Xchange does not share or rent your information to any third parties.