David White, Global Head of Product & Data at LSEG Risk Intelligence, joins Patricia Wu at Money20/20 Europe in Amsterdam to discuss the critical issue of child identity theft, a topic highlighted at the Money20/20 Europe conference. David emphasized that child identity theft is often perpetrated by someone the child knows, with a staggering 73% of cases involving family members. The statistics are shocking, with one in 50 U.S. children affected, and the average age of a child whose identity is stolen being just eight years old. This means that many victims remain unaware of the crime until they reach adulthood, often facing significant financial repercussions when they apply for loans or credit cards.
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