Fastest Growing Crime is ID Theft of Children

With all the information about identity theft, you might have taken steps to protect yourself, but are your children safe? Identity theft among children is the fastest growing crime in the country. It is easy to accomplish and can go undetected for years.

According to a recent study by Carnegie Melon looking at 40,000 children, more than 10 percent were the victims of identity theft.

According to the Identity Theft Resource Center, parents often find out about the theft by attempting to open college savings accounts, receiving multiple credit card offers in the child’s name, calls from collection agencies, denial of a driver’s license, or when law enforcement has an arrest warrant in the name of the child.

Like all forms of identity theft, working through the theft can take a great deal of time and effort to resolve. The first step is ordering credit reports. Depending on the details of the case it may require the help of an attorney and in the most extreme cases victims have even requested and been granted a new social security number.  The Identity Theft Resource Center has information on what to do if your child’s identity has been compromised. The Federal Trade Commission also has additional resources.

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