What are Three of the Most Dangerous Types of Identity Theft?

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Mar 18, 2015
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Question of the Day, Identity Theft, Current Events, Financial Scams

From USA Today:

  • Child ID Theft:  “Thieves often go after children’s identities through stealing data from schools or even taking their relatives’ information. Children will likely not know they were victims until they grow older and are denied for their first loan, credit card or even housing because of a poor credit history.”
  • Medical ID Theft:  “Although consumers may think their medical information is not a target for cybercriminals, healthcare companies are becoming increasingly targeted. Data breaches in the healthcare sector could result in your information falling into the hands of thieves who could then use this data to take advantage of medical services.”
  • Tax ID Theft:  “In 2013, the Internal Revenue Service gave out $5.8 billion in fraudulent tax refunds.”

The article goes on to provide consumers with ideas on how to prevent becoming a victim of fraud.

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Help your students protect themselves by completing our lesson on Scams, Frauds and Identity Theft.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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