Child Identity Theft.
Children and teens comprise the fastest-growing segment of identity theft victims. For young victims, who account for up to 500,000 cases annually, the damage can be even more devastating.
Why identity thieves target kids.
Identity thieves target young victims for two primary reasons:
- Children have clean credit records, making it easy for the criminal to create new accounts.
- Because most parents don't check to see if their child has a credit record, the crime can go undetected for years. Many cases of child identity theft aren't discovered until the youngster applies for a driver's license or first job.
In effect, once an identity thief has his or her hands on a child's personal information it is like a blank check the criminal can run with for years.