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More than 1 million children were victims of ID theft last year

Source: Herb Weisbaum, NBC News

We think of identity theft as an “adult” problem, but no one is immune from this crime. More than 1 million children in the U.S. were ID theft victims last year, resulting in losses of $2.67 billion, according to the 2018 Child Identity Fraud Study by Javelin Strategy & Research.  Two-thirds of the victims were under the age of eight.

All too often, child-identity theft is an inside job. Javelin found that 60 percent of child victims know their perpetrator — a parent or guardian, other family member or family friend.

Read Full Article: More than 1 million children were victims of ID theft last year