Children may be an easy target for identity theft and often don't discover it until years later when they apply for a job or attempt to take out a loan.
FACT: 1 in 40 households in the U.S. with children under the age of 18 are affected by identity fraud.
- According to Javelin Strategy and Research, children ages 6 to 11 are most vulnerable to fraud.
- Thieves will often create a "synthetic identity" using the child's SSN and a different name, date of birth and address to obtain new bank or credit accounts for financial gain, or services such as utilities, phone, cellular and Internet.
- Children's information is also used to commit nonfinancial identity theft, including obtaining fraudulent tax returns or government benefits, housing rental, employment or medical treatment, or evading criminal charges.
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