Monday, August 14, 2006

COLLEGE STUDENTS ARE MOST FREQUENT VICTIMS OF IDENTITY THEFT.


The greatest number of identity theft attacks occurs against young adults and particularly college students. While the financial impact of these attacks is relatively small, the impact in time can be very large. Identity thieves steal not only money - they steal name, reputation, and time. They also can steal a student's future. Identity thieves literally steals who you are, and it can seriously jeopardize your future including your employment prospects.
Of the eighty crimes of identity theft young adults find themselves victimized by not only credit crimes, but also by impersonation crimes. Credit crimes can be easily repaired (although often at a great cost of time and worry), however unaddressed impersonation crimes, such as social security number hijacking, benefits fraud, graduate records hijacking, and DMV fraud, may last a lifetime.
In fact a student may be more vulnerable to identity theft than others because of the availability of personal data and the way many students handle this data. Almost half of all college students receive credit card applications on a daily or weekly basis. Many of these students throw out card applications without destroying them.
At KnightsBridge Castle our case specialists have these observations about college students.


Nearly a third of students rarely, if ever, reconcile their credit card and checking account balances.

Almost 50 percent of students have had grades posted by Social Security number.


Students are often away from their incoming mail for weeks at a time, providing identity thieves with critical time to commit crimes undetected.

Students leave personal information such as driver’s licenses and other data lying about in unsecured areas.

Students tend to be trusting.

Students do not believe that it will happen to them.

The idea that someone might steal the student's college credentials or CV for false employment or professional license qualificaiton does not occur to them

2 Comments:

At 3:27 AM, Anonymous Anonymous said...

I graduated a few years ago, when the concept of not using my SS number as my student ID to identify me began. My advice for students is to avoid giving their information as much as possible, and to try to avoid the constant credit card offers given everywhere. I got one credit card my first semester of college for emergencies and books and threw everything else away. Also, try to opt out of giving your information for promotions by the bookstores and other non University organizations on campus.

 
At 12:41 PM, Blogger KnightsBridge Castle said...

From KBC:
Anonymous gives really good advice for those in college. Keep your credit cards to a minimun. Each card is an excposure to id theft. Also OPT OUT of free credit card offers. You dont need the hassel and pain of identity theft - especially at finals time.

 

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