Final answer:
The highest risk for identity theft is particularly observable in young adults aged 18-24 and people over the age of 65, though individuals of all ages must be cautious due to the increasing frequency of data breaches which can affect anyone. Older Americans and minority groups may show more concern and thus engage in better personal security practices.
Step-by-step explanation:
The ages at the highest risk for identity theft vary, but certain age groups are particularly vulnerable. Individuals under age 18 may not frequently monitor their credit reports, which can lead to undetected identity theft for an extended period. Moreover, young adults aged 18-24 are often targeted as they are just beginning to establish their credit and may be less experienced with managing personal information securely while they apply for jobs or credit. This group's utilization of the internet for social connection and business also increases their risk. People over the age of 65 may also be at risk due to potential decreased familiarity with internet security practices and being targeted by scammers who perceive them as having significant assets or easier to deceive.
Certain factors such as large-scale data breaches at companies, reported examples including Target and JP Morgan, highlight the necessity for vigilance across all age groups. With the increasing occurrence of data breaches, all individuals, regardless of age, must be proactive about safeguarding their personal information online and monitoring their credit regularly.
Interestingly, research shows that older people tend to be more concerned about privacy and that Black and Hispanic individuals are more likely to believe they are being tracked by the government. This heightened concern may contribute to better personal security practices among these demographics.