the Wedding Planner

UK Wedding News

23/05/2018

'Sharenting' Major Risk To Children's Future Financial Security

Parents have been warned that they are risking their children's future financial security by sharing too much personal information online.

Barclays has described "sharenting" – the name given to parents who share personal information about their children online – as the weakest link in the fight against online fraud and identity theft.

The bank has forecast that by 2030 almost £670m could be lost in online fraud.

- - - - - - Advertisement - - - - - -
The Party Photobooth Limited

Security specialists at Barclays have warned that identity fraud had "never been easier", and that parents were being "lulled into a false sense of security" over the safety of sharing information about their children's names, birthdays, home addresses and many other pieces of information "useful" to criminals.

The concerns surrounding this information continuing to be available online indefinitely as children become adults and need to access their own financial products. It is all information that can be used fraudulently and in scams.

Barclays warns that "sharenting will account for two-thirds of identity fraud facing young people by the end of the next decade".

Parents have been urged to review their online privacy and to pay particular attention to the information about their children that is available online.

(MH/LM)

Top stories


20/03/2020
LeToya Luckett-Walker Is Pregnant

Charlotte Crosby Finds New Romance

Lydia Bright Gets Candid About Giving Birth

Lana Del Ray Splits From Boyfriend

Angelica Ross Learns Of Boyfriend's Secret Life

Ashley Graham's Breastfeeding Struggle

Susanna Reid's Mother's Day Plans

Lin-Manuel Miranda Homeschooling Kids

Kristen Bell Speaks Of Pride For Daughters

Prince George & Princess Charlotte Now Homeschooled
more infomore info
0 18.208.197.243 Ban:1, But:2 29/03/2024

"Parents have been warned that they are risking their children's future financial security by sharing too much personal information online."