College Archives - John Sileo, Cyber Security Training

Roommate Identity Theft? Beware and Be Wise

It’s time for young adults to head off to college or move away from home for the first time. This is by far the highest risk group for identity theft for several reasons. When these kids leave the nest, it’s the first time they are getting true financial independence, which they might never have been trained to handle. They have access to credit cards, new bank accounts, and they’re managing it themselves. That may be a huge red flag that there’s going to be trouble. Secondly, they’re going into an environment where their stuff is not particularly protected. They’re in a dorm room or apartment, they’ve got roommates that may need extra cash; they know they can take advantage of them. So it’s a high risk environment. The third reason is because they do so much online. There’s so much social media interaction and that’s where tons of information is stolen. Take the steps listed below and talk to your newly-independent kids about implementing them. It will help them out not just this year but will also help them build their financial future going forward. Your identity is pretty much everything in terms of your net worth. You’ve got to take care of it now.

College Identity Theft Speaker

I’ve got a neighbor who’s going back to college this week and reminds me that this is by far the highest risk group for identify theft and it’s for a couple of reasons. When these kids are going off to college, it’s the first time they are getting true financial independence, which might never have been trained to handle. They have access to credit cards, to new bank accounts, and they’re managing it themselves. That’s a huge red flag that there’s going to be trouble. Number two, they’re going into an environment where their stuff is not particularly protected. They’re in a dorm room, they’ve got roommates that may need extra cash; they know they can take advantage of them. So it’s kind of a high risk environment. The third reason is because they do so much online. There’s so much social media interaction and that’s where ton of information is stolen. So you need to take some of these steps that are in this blog post. Help your students take them. It will help them out not just this year in college but helping them build their financial future going forward. Your identity is pretty much everything in terms of your net worth. You got to take care of it now.

College Students Destroy Financial Future with Poor Choices

College is the perfect period of life to begin sound financial practices including protecting privacy. Not only are college students vulnerable, but they are impressionable and well positioned to learn strong habits that will last them a lifetime. As students launch into independence, we, as parents, hope to give them the best tools possible to insure a bright future. One of the most vital tools is to establish healthy habits that will guard their financial and personal identities for the rest of their lives. People ages 18 -24 are the least able to spot identity theft according to the BBB. That age group needed more than four months to realize someone had damaged their credit history or used their identity. By taking a few precautions, a young adult can avoid the crushing job of trying to recover from having given away the keys to their financial future, which is especially overwhelming while navigating life away from home for the first time.