Can identity theft go unnoticed?

Can identity theft go unnoticed?

Crime goes unnoticed for many years. Although it is uncommon, juvenile identity theft is a particularly heinous version of a rapidly spreading crime. According to the FTC, over 27 million Americans have been victims of identity theft in the previous five years. Last year alone, about 10 million individuals were victims. Identity theft can have serious consequences for its victims, including damage to credit ratings, loss of employment opportunities, and exposure to fraud or legal action. Despite these risks, criminal acts continue without detection.

Identity theft can be compared to burglary in that both involve the breaking into of personal information and using this information for fraudulent purposes. However, unlike burglars who usually look for valuable goods to steal, identity thieves target people's personal information instead. This information includes names, addresses, social security numbers (SSNs), birth dates, credit card numbers, account numbers, and PINs. Identity thieves use this sensitive data to obtain jobs, open accounts, make purchases, take out loans, and even vote online.

Because identity theft is such a widespread problem, there are many ways it can go undetected for long periods of time. For example, an identity thief may use another person's information to get a job and not realize that it isn't their own. Or they may receive items in the mail or through email that appear to come from their victim, but actually contain fraudulent offers or requests for money.

What group of children are most likely to be victims of identity theft?

Identity theft may affect children as young as toddlers and newborns. According to a new Carnegie Mellon CyLab analysis, children under the age of 18 are 51 times more likely than their parents to become victims of identity theft. The study also found that one in five children have their identity stolen at least once.

The CMU study identified three main types of children who are at risk of becoming victims of identity theft: those with multiple changes of identification information, those who give out personal information online without protecting their accounts, and those whose parents fail to protect their passwords. Children who fall into any of these categories are vulnerable to having their identities stolen by hackers who use this data to open new accounts in their names.

Hackers can use these children's identities to obtain credit cards, take out loans, buy items in their name, and even get jobs. They can also use this information to commit tax fraud or drain bank accounts. Although children cannot file their own taxes, they can report the theft of their identity to the IRS. The agency will notify all relevant agencies including the credit bureaus so that appropriate actions can be taken to prevent further misuse of the child's identity.

Overall, children face a high risk of being victims of identity theft because they tend to provide easy access to personal information such as social security numbers and birth dates.

Who is most at risk of identity theft?

Among victims of identity theft, three age groups stand out: the elderly, college students, and youngsters. According to the Bureau of Justice, the number of elderly victims increased by 25% between 2012 and 2014. Identity theft victims as young as 5 months old have been documented in youngsters.... The younger you are, the more likely you will be targeted by identity thieves. They look for easy targets - kids apps downloaded on a smartphone, for example - and if they find something worth taking, they will use that account to write fraudulent checks or make other purchases.

Identity theft can have serious consequences for its victims, including damage to credit ratings, medical bills, and loss of employment. It also puts individuals at risk of being victimized again in the future. Victims should contact all relevant agencies immediately after discovering their identity has been stolen to begin the process of recovery.

Who is most likely to be victim of identity theft?

According to one survey, adults over 50 years old are the group most affected by ID theft. Another study showed that people who have poor credit scores are more likely to be victims of ID theft. This makes sense because criminals who steal information to commit fraud need some form of identification - such as a social security number or bank account number - that can be used to establish new identities. If you're a target of ID theft, it's important to take steps now to prevent further problems down the road.

About Article Author

Michael Patillo

Michael Patillo is a former FBI agent. He likes reading books on psychology, which helps him understand people's motivations and what they're thinking.

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