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“The fact of the matter is that, unlike credit card accounts, stolen SSNs can’t be closed so your only course of action is to report the incident to the IRS.
The breach, which includes Social Security numbers and other sensitive data, could power a raft of identity theft, fraud and other crimes, said Teresa Murray, consumer watchdog director for the U ...
The hacking group USDoD claimed it had allegedly stolen personal records of 2.9 billion people from National Public Data, according to a class-action lawsuit filed in U.S. District Court in Fort ...
Exacerbating the problem of using the Social Security number as an identifier is the fact that the Social Security card contains no biometric identifiers of any sort, making it essentially impossible to tell whether a person using a certain SSN truly belongs to someone without relying on other documentation (which may itself have been falsely ...
While the establishment of Social Security predated the invention of the modern digital computer, punched card data processing was a mature technology, and the Social Security system made extensive use of automated unit record equipment from the program's inception. This allowed the Social Security Administration to achieve a high level of ...
The No. 1 thing you should never carry in your wallet is your Social Security card. “Your Social Security number is the most vital piece of information for identity thieves, and the damage ...
That does not mean Social Security is going broke. Payroll taxes account for about 91% of program revenues, while taxes on Social Security benefits account for 4% and the interest earned on trust ...
Once again, this doesn't mean Social Security is going bankrupt. But based on projections from the Trustees, the exhaustion of the OASI's asset reserves would necessitate sweeping benefit cuts of ...