Protecting Our Community: The Rise of Synthetic Identity Theft

(3 Minute Read) — At Unitus, your financial well‑being is at the heart of everything we do. As we look ahead to 2026, one growing threat is affecting more people than ever before—synthetic identity theft. This fast‑moving type of fraud impacts some of the most vulnerable members of our communities, including children, seniors, individuals experiencing homelessness, and even those who have passed away.

Synthetic identity theft happens when a criminal uses a real Social Security number—often from someone who won’t be actively using credit—and pairs it with made‑up personal information to create an entirely new identity. Because these identities appear “clean,” they can be used to open accounts, take out loans, and build credit over time without raising suspicion.

Why Vulnerable Groups Are Targeted

Fraudsters often focus on people who may have limited oversight of their credit or personal information:

• Children: With no credit history, a child’s Social Security number can become the foundation for a fraudulent new identity.
• Older adults: Age‑related challenges or limited access to digital tools can make ongoing monitoring difficult.
• People experiencing homelessness: Lack of stable access to financial services can leave their personal information exposed.
• The deceased: Criminals may take advantage of delays in updating government records.

Because these individuals may not be regularly checking their credit, fraud can grow undetected for years—sometimes until major life milestones like applying for a loan, a job, or housing.

How It Happens

A scammer uses a Social Security number and combines it with a fake name, date of birth, or address. Over time, they apply for accounts, build a credit profile, and establish a financial history under this synthetic identity.

In some cases, this misuse can even come from someone close to the victim. A family member struggling financially may see a child’s or elder’s identity as a “reset button.” While the motivation may be desperation, the impact is very real—and often long‑lasting.

How to Protect the People You Care About

There are simple, proactive steps you can take to reduce the risk of synthetic identity theft:

1. Safeguard Social Security Numbers

Whether for your child, a senior family member, or yourself, keep SSNs private.

• Avoid carrying Social Security cards unless necessary.
• Always ask if another form of identification can be used instead.

2. Check for an Existing Credit File

For individuals who should not have active credit—like young children or those who haven’t used credit in years—confirm no unauthorized account exists.

• Reach out to Equifax, Experian, and TransUnion to request a manual search using the Social Security number.
  If a credit file is found, take immediate steps to freeze the credit.

3. Talk Openly with Family

It’s not always an easy conversation, but it’s an important one. Help family members understand:

• Misusing someone’s identity is illegal.
• It can create long‑term financial damage.
• Personal information should be protected, even during difficult financial times.

We’re Here to Help You Stay Protected

At Unitus Community Credit Union, we’re committed to helping you safeguard your financial future—and the futures of the people you love. If you believe you or someone in your care may be a victim of synthetic identity theft, our team is here to support you every step of the way. From guidance and resources to personalized assistance, we’ll help you reclaim your identity and rebuild with confidence.

Together, we can keep our communities safer and stronger.