children are victims of identity theft

Children are Victims of Identity Theft Too

by Doug Pollack

This excerpt from an MSN Money article titled "Your 5-minute guide to

protecting your identity" published July 6, 2007 demonstrates the time

consuming nature of dealing with an identity theft problem.

"Thieves may sell your information on the black market or use it to

obtain money, credit or even expensive medical procedures. Unless

you're vigilant in protecting your records, you'll have to work even

harder to repair the damage to your credit. The average victim spends

30 to 40 hours rectifying the problem.

The article outlines numerous helpful tips for helping prevent the

theft of one's identity. But something that is less "obvious" is that

around 5% of identity theft cases involve children. They make

particularly lucrative targets because it can take many years before

they come of age and the identity theft becomes recognized.

A related Bankrate article notes that "...children's identities are

used to obtain credit cards, get driver's licenses or open accounts.

Often the information is sold for use by illegal immigrants or

individuals attempting to restart their lives and avoid arrest." This

makes it doubly important for families to protect not only their

breadwinners but also their kids.

Posted by Doug Pollack at 8:45 AM

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