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If Someone Has Your Ssn What Can They Do

If Someone Has Your Ssn What Can They Do

“It’s terrible from a security perspective,” said Alan Butler, a cybersecurity expert at the Social Security Administration.

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A Social Security number is essential for getting a credit card, a home, and even a paycheck. They may be the most important personal information we have.

It’s not what you think: Social Security numbers were first introduced in the 1930s as a way for the government to administer retirement and disability benefits.

But since nearly all U.S. citizens and permanent residents have Social Security numbers, they’re now the go-to form of authentication for mobile carriers, utility companies, and even retail companies. This makes them prime targets for identity theft. In 2017, the Equifax data breach may have exposed the Social Security numbers of nearly half of all Americans.

How do you know when to share and when not to share your social media? We asked the experts for advice.

Social Security Number: What Can Someone Do With Your Ssn?

For more information about Social Security, here’s how to order a new Social Security card and how to get Social Security benefits online.

While protecting your Social Security number is important, there are legitimate reasons to share these nine digits.

Every company that applies for a loan or credit needs your number, says Beth Hanson, director of cybersecurity education for Norton LifeLock.

If Someone Has Your Ssn What Can They Do

This includes banks and credit reports, but it also refers to your mobile service provider, as a phone contract is like a line of credit.

Legal Implications: Ssn S Role In Identity Theft Cases

Allan Butler, executive director of the Electronic Privacy Information Center, a nonprofit focused on protecting privacy and identity rights, says that even if your employer reports your wages to the IRS, any tax report that releases your Social Security number is mandatory.

If you have an investment advisor or were involved in a cash transaction of $10,000 or more, such as buying a car or home, you must share it.

Government agencies that provide benefits may request your number, including the US Department of Labor and government agencies that administer Medicare. These requests must be accompanied by a statement of whether or not the number is requested, verify the agency’s authority to request it, and explain why it is being used.

There are many situations where you do not need to provide your Social Security number. As scam schemes are common, never give out your information by email or phone.

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Norton Life’s Luke Hanson says, “You should never share your personal information unless you initiate the call. Even if it appears to be from a legitimate company you do business with.”

Checking the last four digits of Social Security numbers is the only information a company has, so the risk is low, Hansen said.

Not everyone who asks for your number is malicious: “Some businesses just want your code because it’s a quick way to find your account.”

If Someone Has Your Ssn What Can They Do

If you sign them up like a gym, other people will want it. “It’s the easiest way to go to a collection agency if you want to,” Hanson said. But there are other ways.

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While employers may require Social Security, “it’s not required to have a job,” Hanson said. So it shouldn’t be on every job application.

If they don’t cut it and you don’t feel comfortable giving them your personal information, don’t. “Anytime someone has access to your social media, it’s another opportunity for identity theft,” Butler said.

If a company asks for your Social Security number, find out if you have another form of identification to use. Getty Images

As an adult, your Social Security number is entered into various databases that are not 100% secure. But there are steps consumers can take to better protect their accounts.

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Do not carry your Social Security card in your wallet or purse. Keep it in a safe place at home. And throw away any documents or pieces of paper that contain your number. Also, if you are asked for your SSN, find out why.

Hansen: “Why is that? Where do you keep this?’ asked. You should have the right to ask,” said Hanson, ‘is there any other information I could use instead?’

Hansen recently visited her daughter at the doctor’s office, and the form at the counter asked for her two SSNs.

If Someone Has Your Ssn What Can They Do

“They really don’t need anything,” Hanson said. “So I put it blank on the chart and they didn’t say anything.”

Will We Ever Run Out Of Social Security Numbers?

Another way to protect your Social Security number is to “freeze” your credit report with Tranunion, Equifax, and Experian.

If someone tries to use your number to open a credit card or take out a loan, your credit report request will be rejected. You can freeze your report indefinitely or set a specific “cooling off period”.

You should check your reports regularly for any unusual activity — three copies are available each year at AnnualCreditReport.com — and set up an account on the Social Security website to see if your score is making a profit.

If you believe you have been a victim of identity theft using your Social Security number, report it to the Federal Trade Commission, your local police department, and any businesses that have fraudulently used your number.

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If you think your number has been used for illegal employment or tax purposes, you can contact the Social Security Administration at 800-772-1213 or visit the IRS ID Theft website.

According to the FTC, getting a new Social Security number won’t solve all your problems.

“Sometimes getting a new number makes things worse because you have to contact all the government agencies, financial institutions, credit bureaus, health insurance companies, etc.,” said Steve Toporoff with the FTC’s Division of Privacy and Identity Protection. Places where old social security numbers can be used. “Are you on a work visa to work in the United States? Or are you a student or immigrant seeking a work visa and potentially living in the country? Who can meet all legal requirements and still be able to stay and work in the country?”

If Someone Has Your Ssn What Can They Do

Whether you’re facing one of these situations or another, you know that a Social Security Number is the key to many of your problems and solutions, and an important legal requirement in the United States. If you want to learn more about the Social Security Number, its purpose, and the application process, this article is your guide.

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Since its inception in 1936, the use of Social Security numbers has expanded greatly. Once used more for Social Security entitlement and benefit calculation purposes, tracking the earnings history of American workers, today it has become more general.

A Social Security Number (SSN) is a nine-digit number assigned to every citizen born in the United States. This number is also issued to eligible US residents who apply. A Social Security number is used by the US government to track your lifetime earnings as well as your years of service.

When it’s time to retire or need Social Security disability income, the government uses information about your Social Security contributions to determine whether you’re eligible and what benefits you’ll receive if you get paid.

In most cases, the same social security number is used by most people. However, if you are a victim of identity theft, you may require a replacement number.

What Is A Ssn? Facts To Know About Social Security Numbers

In the United States, a Social Security Number (SSN) is a nine-digit number issued to US citizens, permanent residents, and temporary (work) residents under Section 205(2) of the Social Security Act.

A Social Security Number is issued to each individual by the Social Security Administration, an independent agency of the United States government. Originally, the purpose of the Social Security number was limited to tracking individuals and their work history, as well as benefits and calculations, but today it has become a national identification number for tax and other purposes.

There are four types of Social Security cards based on their geographic location (SSN area number):

If Someone Has Your Ssn What Can They Do

Typically, Social Security cards display the cardholder’s name and number. In fact, the new Social Security number card design also offers hidden and overt security features

When Can Employers Ask For Your Social Security Number?

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📅 Born: May 15, 1985 📍 Location: New York City 🖋️ Writer | Financial Enthusiast Welcome to my corner of the web! I'm John Pablo—a finance enthusiast and writer passionate about making money matters simple and accessible.

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