Children at increased risk for identity theft

Stolen social security numbers are to blame for young children racking up hundreds of thousands of dollars in loan, credit and mortgage payments, The Columbus Dispatch reports. Privacy restrictions prevent credit bureaus from sharing information found in a child's file with the child's parents, which can result in years of undetected charges turning into debt that follows the child well into adulthood, the article said. Companies that fail to protect the identities of consumers are under increased scrutiny and could be subject to class action lawsuits.

Banking Industry, Consumer Credit Industry