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Children’s Privacy: Children are increasingly a target for identity fraud; cost to rectify is substantial for families – in dollars and time

Kids are an easy target for identity fraud and are increasingly being targeted by criminals, according to Javelin Strategy, which found that 1 in 50 children were victims. Cost on average to families when a child is hit is $1,000+. In the past year, losses for this type of ID fraud totaled $918 million, and the study found that 73% of the perpetrators were people the children knew.