Understanding Identity Theft

Identity theft occurs when someone steals your personal information to commit fraud. This can include your name, Social Security number, or credit card details. It can lead to financial loss and damage to your credit score.

Did you know that children are 51 times more likely to be victims of identity theft than adults? Thieves target children's clean credit histories, which often go unchecked for years, allowing them to use the stolen identities for extended periods.

Thieves commonly use phishing, where they send fake emails or messages to trick you into revealing personal information. Another method is skimming, where devices are used to steal credit card information during transactions. Beware of both tactics.

Use strong, unique passwords and enable two-factor authentication for your accounts. Regularly monitor your credit reports and bank statements for unusual activity. Be cautious of sharing personal information on social media or unsecured websites.

If you suspect identity theft, immediately contact your bank and credit card companies. Report the theft to the Federal Trade Commission (FTC) and place a fraud alert on your credit reports. Consider freezing your credit to prevent further misuse.

The youngest known identity thief was just 11 years old, targeting classmates and using stolen data to make online purchases.