Identity theft has become a major issue in the past few years. It’s often far easier to perpetrate than a physical robbery because all it requires is some clever computer hacking or access to a mailbox with a credit card application. Did you know that someone is over ten times more likely to have their identity stolen than their car? There are even thieves out there who install credit card number stealing devices onto ATMs. In particular, students need to be especially careful with identity theft. While they may not have quite as many resources as working adults do, identity theft can still be very damaging to the future credit-worthiness. Over 50% identity theft victims are college students – that’s 50% of a $54 billion crime industry.
There are some things that you can tell your college student to help make sure they won’t be the victim of identity theft:
If a student does end up being the victim of identity theft, they should do three things:
The best advice I have for you is to talk to your child about everything they can do to protect themselves from becoming victims of identity theft. It is far easier to avoid this sort of theft than it is to rectify the situation. It can take years to regain your identity and only one stupid mistake to lose it all.
Information for this post from here.