One in Every Fifty Children Falls Victim to Identity Theft Each Year

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LSEG Risk Intelligence today publishes a report drawing attention to the global rise in child identity theft. The report calls out the impact of child identity theft, the risks to financial institutions, and highlights the growing threat of synthetic identity fraud.  It outlines practical actions financial institutions may adopt immediately such as identity, age and third-party verification together with transaction monitoring for child-linked accounts and multi-layered security.