Report: Child ID theft on the rise
Posted: Friday, April 1 2011 at 03:53 am CT by Bob Sullivan
Child ID theft, among the more tragic and vexing 21st Century crimes, is much more common than previously thought, suggests a report being published Friday by a Carnegie Mellon University fellow.
Data examined by Richard Power, a distinguished fellow at the school’s CyLab research center, offers hints that identity thieves are specially targeting children when picking victims.
"They make perfect targets because they have no records and don’t discover the crime for years,” he said.
Using data supplied by identity monitoring company Debix, Power examined 40,000 children's profiles and found more than 10 percent had identities that were tainted in some way.
"These were 4,000 kids in there with gun licenses, mortgages, car loans and driver’s licenses. That's crazy," Power said.
Among the victims described in the report: A 16-year-old girl in Arizona with 33 credit accounts linked to her name, including three mortgages; a college student with $300,000 in debt that was the result of the transposition of numbers; a college student from Texas who lost an internship because her background check classified her as "unemployable"; and a 30-year-old woman in Arizona whose identity was compromised when she was 12 and who is still haunted by her imposter. When she tried to buy a home recently, her bank told her she had a recent foreclosure on her record.
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unfortunately id theft is the hottest crime for thieves..children are so vulnerable to this ..their credit scores will be ruined before they are adults...
by ib radmasters 6 years ago
Can you in real life actually put all of your friends in the same room at the same time? Can you give them all the same information?
by Kain 360 4 years ago
I got approved for Mturk, but Amazon payments can't confirm my identity. Even though I gave them information, they still have restricted my account"This functionality has been disabled on your account. We have failed in verifying the information submitted by you. Click here to find out more...
by Sherry Hewins 5 years ago
Have you ever been the victim of identity theft?If so, do you know how your information was compromised and what did you do to fix it?
by Christy Garrett 2 years ago
What are you doing to protect yourself from identity theft?
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Do you think there is a direct link to meth addiction and identity theft?
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According to the report, entitled "Cost of the Crisis", the financial and economic crisis cost Americans $12.8 trillion.The report also highlights the current impact to the U.S. economy, including:• 23.1 million Americans, or 15% of the public, are out of work or unable to...
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