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Complete Story
09/22/2020
COVID and Banking in the New Era: Can Banks Ride the Wave After Decades of Creating It?
Cision PR WEB
Today, the Identity Theft Resource Center® (ITRC), a nationally recognized non-profit organization established to support victims of identity crime, and SAS®, the leader in analytics, join forces to promote Child Identity Theft Awareness Day.
The ITRC has received numerous reports of child identity theft in 2020, one of which includes two parents denied COVID-19-related stimulus benefits, leading to the discovery that an identity thief was using their 2-year-old son’s Social Security number. It’s one of many powerful stories heard by the ITRC in its 20-year history, each one illustrating a mostly invisible problem plaguing children of all ages.
According to a 2018 study by Javelin Strategy & Research, more than one million children fell victim to identity theft in 2017, with losses totaling $2.67 billion. The study further determined that more than two-thirds of child victims were ages 7 or younger, while 20 percent were in the range of 8 to 12 years old.
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