The Crossroads of Special Operations

Friday, June 25, 2021

Identity thieves set their sights on kids | CNBC

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For identity thieves, kids are the perfect mark.

While adults make prime targets for their account balances, a child’s information, particularly their Social Security number, has even more value to scammers because it is a “clean slate” for opening new lines of credit before someone catches on, according to the Identity Theft Resource Center.

More than 1 million children were victims of identity theft or fraud in 2017, according to a report from Javelin Strategy & Research. Two-thirds of those affected were age 7 or younger.

Thieves were able to steal $2,303, on average, when they misused the identity of a minor, more than twice the average fraud amount for adults, Javelin said in the report released last year.

Source: Identity thieves set their sights on kids | CNBC

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