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Young, savvy and vulnerable

It was my friend Brian’s first time applying for a credit card. He was 19, and his parents thought it would be a good

idea for him to start building his credit score. As Brian and his parents discussed his application with the banker, they were both surprised to learn that he already had a credit card – five, in fact. There were also surprised to learn that he never paid his bills and had an affinity for expensive jewelry.

Brian, of course, was a victim of identity theft. Several years later, and despite professional help, he still hasn’t

managed to clear his name. He’s not alone. Identity theft is a growing problem, rising 12 percent in 2008, and it is a crime that can affect any person at any age. However, the virtual lifestyle of most young people places them at an increased risk, and they must take extra precautions to avoid becoming victims.

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