25 percent of kids will face identity theft before turning 18. Age-verification laws will make this worse.
BY SHOSHANA WEISSMANN , MAUREEN FLATLEY, CHILD WELFARE EXPERT entity theft. They can’t access credit and don’t check their credit reports, which gives bad actors more time to harm their victims before anyone notices something is amiss. While lawmakers are proposing and enacting social media age-verification laws, this will increase fraud risks by mandating that minors surrender their Social Security numbers and other sensitive information. A full 25 percent of minors will become victims of “identity fraud or theft” before they turn 18, according to Michael Bruemmer, Experian ’s Vice President of Consumer Protection. That means that one out of every four minors (and their parents) will, at a minimum, be set up for long and stressful calls with credit bureaus and banks. At worst, these young people could find it difficult to establish and use credit once they become adults. More than half of child identity theft victims in an Experian survey reported...