In recent years, more and more children have become the victim of credit card identity theft. According to CreditCardGuide.com, the amount of fraud. victims who were underage increased from 3 percent to 5 percent between 2003 and 2005. Many industry analysts believe that the number has increased since then.

Often close relatives, including parents, are the ones who steal the credit card information from children. Though the adult, who may be in desperate need of extra cash, may not have negative intentions, identity theft can have a large negative impact on the child who holds the account.

Theft is relatively easy for those who have access to a child's credit card, as many card issuers do not check the age of the card holder before giving out personal information. Rather, in many cases, all that is needed is the child's social security number, according to the news source.

Parents who are concerned for their children's credit card security should be sure to never lend a credit card to someone they don't fully trust, according to ScamBusters.org. Using personal finances to pay for online purchases is also an effective way to eliminate the threat of credit card theft.