Attention, parents! Is your kid enrolled in school? If the answer’s “yes,” then they’re at risk for identity theft.
Let me explain. Child identity theft is at an all time high. In fact, a recent Carnegie Mellon University study found that 1 in 10 kids are victims of identity theft. That’s 10 times the amount of adult victims. And experts predict the number will get even bigger. Criminals used to randomly guess kids’ Social Security Numbers, using their spotless identity to open up bogus bank accounts, mortgages, and credit cards. Then racking up hundreds of thousands of dollars in debt. Often it would go undetected for years, because many kids don’t realize they’re victims until they start applying to college, or for their first job.
But today, a lot of criminals aren’t guessing kids’ Socials anymore and instead they’re targeting what they call a goldmine: schools.