Financial Crime Matters Fighting identity theft and the financial exploitation of children, with Renata Furst Galvão
Sep 2, 2025
Renata Furst Galvão, a Partner Manager for Risk Intelligence at LSEG Group and a survivor of child identity theft, shares her harrowing experiences. She discusses the emotional and financial fallout of being a victim from a young age and the importance of awareness. The conversation highlights the alarming rise of identity theft, particularly how trusted family members can exploit children's information. Renata offers practical advice for parents on safeguarding their children’s identities, emphasizing proactive measures to prevent this insidious crime.
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Childhood Identity Theft Devastation
- Renata's identity was stolen at age six and used to open businesses that accrued debts and lawsuits.
- Government officials later seized household items and her bank account was drained when she turned 18, leaving lasting harm.
Stories Make The Statistics Real
- Telling one child's story makes the epidemic of child identity theft resonate more than statistics alone.
- Many victims stay silent until adulthood, so reported numbers likely understate the true scale.
Family Perpetrators And Digital Risk
- Most child identity theft (about 73%) is committed by family members with access to the child's identifiers.
- The digital era increases risk because clean child identifiers are valuable for creating synthetic identities and laundering money.