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Financial Friday: How to protect your kids from identity theft
HUNTSVILLE, Ala. (WAFF) - Identity fraud is nothing new, but child identity fraud is still happening at an alarming rate. A study done by Javelin Strategy and Research shows a slight decline from 2021 to 2022.
But Restone Federal Credit Union’s Denise Cassidy says she’s seen how it impacts a child’s financial future firsthand.
“It’s scary. A lot more kids are exposed to social media. The scary thing is, most teens don’t realize their identity’s been stolen until they apply for a college student loan or a credit card.”
Cassidy broke down the basics of this and what parents can do to prevent it from happening to your child.