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More Than 1 Million Kids Had Their Identities Stolen in 2017 (nypost.com)
More than 1 million children were victims of identity fraud in 2017, a new study from Javelin Strategy & Research found, costing a total of $2.6 billion. From a report: With limited financial history or existing account activity, children are the most likely to become victims of new-account fraud, the research showed. These attacks can occur before children even become active internet users, with some two-thirds of victims being under the age of eight. The overall numbers are likely even higher, said Al Pascual, research director at Javelin said, since their study relied on parents and guardians reporting cases of identity theft. In many cases, the parent or another relative may be the one using a child's identity to start a new account.
for recording and posting every moment of their kids lives on the internet, the kids never asked for that
Is there any particular reason to go after a child's identity? It's not as though it's useful for opening a line of credit or anything like that. About the only reasons I can think of is to serve as chaff or a distraction for more targeted activities, because it's an automated process that doesn't know any better and is only doing so for some kind of click fraud to make the clicks seem more legitimate, or because the competition for private grade schools has grown much more fierce and if one person steal the other parent's children's identities they can sign those children up for gay vegan white nationalist hate groups or some such thing that will guarantee that their own spawn has a better chance of getting into the school.
fuck off if you can't fix stupid
read the fucking summary, imbecile, your question is answered right fucking there!!!!!!
FUCK
The overall numbers are likely even higher, said Al Pascual, research director at Javelin said, since their study relied on parents and guardians reporting cases of identity theft. In many cases, the parent or another relative may be the one using a child's identity to start a new account.
That indicates to me that the exact numbers are hard to arrive at because of confounding factors. One is that it relies on self-reporting which may not accurately allow researchers to determine the real extent of the issue. The other is that the parents in their capacity as legal guardians may be creating the accounts for the child in which case it may be difficult to classify as identity theft. In some circumstances this is a legal requirement since children under a certain age are prohibited from having an account without some kind of parental permission or oversight.
What I was getting at is trying to understand for what purpose anyone would steal a child's identity, which I don't believe the summary explains. The article provides some clarification to this point, that in 33% of cases a family friend is signing someone up for an account that they don't want, but doesn't indicate what the other 66% of cases are for. If lines of credit are being opened under a child's name, there's a bigger problem than just identity theft. Maybe that's possible and I'm simply under the misinformed impression that financial institutions were doing any kind of due diligence.
I actually have to deal with PARENTS who have stolen their OWN children's identities to get more credit or some other benefits.
It's because our banking/debt system is fucked up. That is all.
Now getting government benefits, that's a different story. We're on the look out for it. And we've insulted waaaay too many honest people.
Let me tell you something you Libertarians/Conservatives - No one is ever happy about sitting on their ass and collecting a gubberment check. They may FAKE it to seem "smart", but it's a kick in the ego to be dependent on the handouts.
How do _I_ know?!
Been there - on both sides.
I have never been so dehumanized.
I used to be a six figure developer and then....some how...everything went to shit. I was just doing my job, learning EVERY goddamn tech and then, "Sorry, you're uninvested."
HR has great ways of saying you're fired. ..... Why are they always smoking hot white chicks and fat black women?
Anyways, I thought my skilz would mean something, ....
And they didn't.
Unless you have EXACTLY what's on the laundry list, you suck.
"Uh Sorry, we want a network engineer who invented TCP/IP on a mountaintop in the Alps."
My point is that whenever I see ANY hiring company complain that they can't get anyone, I am incredulous.
Anecdotal story: me, 40 year old, fully employed for as long as I can remember, show up at a bank's desk, get rejected from various offers because of what I'm being told is "not enough history". How the hell does a 18 old get anything but a lollipop?
Banks and others are being negligent when they offer loans and other contracts to people they know are minors.
The first thing they should be asking for is proof of emancipation or a parent or guardian's signature.
Second, because of the amount of fraud involved, they need to do some "due diligence" in verifying the emancipation order is legit or verifying the purported parent's signatures are legit.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
Replying to my own post before others say "parents:"
Parents committing fraud will be very difficult to detect until the child/victim discovers it on his own.
How can a bank tell the difference between a kid opening a credit card at his parent's urging so he can build up a credit history, and a parent opening the same account for fraudulent purposes? It is difficult or impossible without a personal interview, which isn't something most banks are going to do for your average consumer account.
But as for other perpetrators - banks should be diligent about authenticating the child-applicant as well as the parent/legal guardians who are signing the documents and about authenticating that they really are the parents or legal guardians.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
A child's identity has no good history, but it has no bad history either, so it's suitable for, oh, getting utility services, or low-limit credit cards, or maybe a low-value loan with collateral, like a used car. Stuff that we typically expect college students who've just moved away from their parents to need to do.
as to due diligence, if the SSN has no history, then the credit bureaus will have no data attached to it. So the financial institution has no basis to decide that the applicant isn't the holder of the SSN, unless they're really on the ball and demand both a photo ID and the SSN card itself, and refuse to accept discrepancies in the name... which is rare.
No rusty shackleford is the one with all the bad loans and not dale gribble or dale's dead bug
We currently have 3rd generation welfare recipients where they never had a job, their parents never had a job, their grandparents never had a job.
I have to call bullshit on your story. I refuse to believe 3 generations of a family were unable to find a job and support themselves at any point over a 50+ year period of time.
It may not be the most common person on welfare, but it isn't isolated either.
yup, people start by using their kids ID to get utilities after they didn't pay the last bill. If the number doesn't show as an open account it works, no one cares or even knows who it is, just that they don't owe the utility company any money. Usually at some point they bail on those payments too and there is an account somewhere with an open balance in the kids name. Seen it.
Anybody that approves a credit line for a single digit minor should be responsible for the loss.
How the hell can any institution approve credit to an 8 year old? The fact that they are ignoring the age means that they are not even doing basic verification.
...those same lenders will not report how well you were a good payer.
They could use technology far more intelligently, they could come up with far more intelligent rules. They could let customers choose more secure options but they don't, the banks are the enablers of fraud. They rely far too much on assuming that if someone supplies the right ID 1 time that the account is secure from there onwards.
UK has chip and pin, yet the shops allowed the fraudster simply to verbally give card details, they asked for no ID, no card and gave the fraudster 100s worth of goods, unbelievable.
Even when my account went 5x past my overdraft, they still allowed the odd purchases! I said to my bank, can you not allow purchases beyond my overdraft, they said I can't request that!!!!! Pure unadulterated stupidity, they deserve to be defrauded.
Waterfox - a Firefox fork with legacy extension support, security updates and better privacy by default.
Why the fuck is this here??
your sutch a dumb ignorant bitch,, Know your audience or get the fuck out..
So... Business As Usual and THINK OF THE CHILDREN ?
"When the going gets weird, the weird turn pro" -- HST
In this respect we are exchanging out childrens future so that oligarchs can have access to cheap South American labor. We feed the dogs while out children starve.
An immigrant adopts the language and culture of the host nation. An invader makes the conquered country adopt his culture and language. Know the difference. Mexicans do not want to be Americans. They want America to be Mexican. They will sell your children drugs and steal their identities until Your wives leave you and go to more virile stock that hasn't been cucolded by political correctness.
Kindness in moderation is a virtue, but kindness to the point where you allow your enemy to spit on your flag and steal your children's future and identity is cowardness.
There is no telling how many unwashed fat 50-ish men are on the Internet posing as 14-year-old virgin girls.
That's been going on since way back into the BBS days.
Nobody likes McDonald's, either, because I personally find it to be disgusting low-tier trash, at the bottom of all fast food chains.
In this respect we are exchanging out childrens [sic] future so that oligarchs can have access to cheap South American labor. We feed the dogs while out children starve.
An immigrant adopts the language and culture of the host nation. An invader makes the conquered country adopt his culture and language. Know the difference. Mexicans do not want to be Americans. They want America to be Mexican. They will sell your children drugs and steal their identities until Your wives leave you and go to more virile stock that hasn't been cucolded [sic] by political correctness.
Kindness in moderation is a virtue, but kindness to the point where you allow your enemy to spit on your flag and steal your children's future and identity is cowardness [sic].
Typical ignorant who thinks that he/she knows everything. It is obvious. Besides, you are referring Mexico as south America. Seriously? You should seek education regardless where it from -- school or the Internet.
First, majority of those illegal laborers who are using others' name do pay taxes but they CANNOT claim any taxes they paid into because it is not under their name. No, the thief can't and won't file tax return under the person's name because that could trigger authority. The bad thing for the person/kid being identity theft from this situation is that if the person/kid is also earning and paying taxes at the time this occurs, the person/kid may owe more taxes to IRS due to the unexpected income which may push above the current tax bracket.
Second, because you are talking about illegal laborers, the name of identity must at least match the thief's physical appearance. Obvious American, Asian, or Indian names won't work. Filipino appearance, however, works because of the similarity in their general appearance. Thus, this would limit the identity theft from kids. Though, they work around the issue by using dead people names instead.
Anyway, your comment shows that you discriminate all Hispanics (from Central + South America) very much. Even though some of them are illegal, that doesn't mean you can lump them all up together as illegal. This concept may not get to you though. I hope one day you will understand and at least start giving a benefit of the doubt first instead of making assumptions.
Your dad encouraged you to get into hard lowbrow work so he could brag to his friends that his son isn't a pussy. Plus they didn't even think to get your teeth fixed when someone knocked them out. No insurance, no lawsuits nothing. It's cool that he was completely unconcerned with the type of education you got in special ed. Learning to socialize from a bunch of abused and disabled kids... what kind of father is ok with that?
Then your mom opens a credit card in your name. Fuck man that's foul junkie shit... ex-girlfriend shit. I can't believe someone's own fucking mother did that to them.
Dude your parents are white trash and don't deserve the respect I sometimes hear you giving them. I'd desecrate someone's grave if they treated me like that. It's like the opposite of parenting. I would have filed that police report in a heartbeat and nailed it to the front door like fucking martin luther. If they were that useless in their prime you can probably find some way to 5250 the both of them into some piece of shit nursing home given they can only be yet even more dysfunctional. If they object be sure to mention how they've never been able to take care of themselves and use yourself as evidence.