While 19 percent of US adults who were notified of a data breach fell victim to identity fraud last year, more than twice as many children implicated in data breaches experienced identity theft. This resulted in $2.6 billion in total losses associated with child identity fraud, of which $540 million was borne by the victims’ families out-of-pocket.
Javelin Strategy & Research along with Identity Guard recently published the 2018 Child Identity Fraud Study, which found that 11 percent of households with a minor had at least one minor’s identity compromised. The study also pointed out notable differences with identity theft when it impacts children versus adults.
