OTTAWA, March 25, 2014 /CNW/ - Parents need to be aware that their child
is 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
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
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,"
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
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. It was created by the
Canadian Institute of Chartered Accountants (CICA) and The Society of
Management Accountants of Canada (CMA Canada) to provide services to
all CPA, CA, CMA and CGA accounting bodies that have unified or are
committed to unification. As part of the unification effort, CPA Canada
and the Certified General Accountants Association of Canada
(CGA-Canada) are working toward integrating their operations this year.
Unification will enhance the influence, relevance and contribution of
the Canadian accounting profession both at home and internationally. www.cpacanada.ca
Image with caption: "Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud, a new publication from the Chartered Professional Accountants of Canada (CPA Canada) was officially released, Tuesday, March 25, 2014, in Ottawa. The book can be obtained by visiting www.cpacanada.ca/fraudprevention. (CNW Group/CPA Canada)". Image available at: http://photos.newswire.ca/images/download/20140325_C6639_PHOTO_EN_38308.jpg
Image with caption: "Canadians can fight back against scammers with the help of a new guide book from Chartered Professional Accountants of Canada (CPA Canada). Kelley Keehn, author of Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud, is shown at the official book launch, Tuesday, March 25, 2014, in Ottawa. The book can be obtained by visiting www.cpacanada.ca/fraudprevention. (CNW Group/CPA Canada) (CNW Group/CPA Canada)". Image available at: http://photos.newswire.ca/images/download/20140325_C6639_PHOTO_EN_38321.jpg
SOURCE: CPA Canada
For further information:
or to arrange an interview, contact:
Tobin Lambie, principal