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Financial fraud takes many forms, from fake charities that bilk you out of a few dollars to identity theft that can wipe out your entire savings. About four in 10 Americans have been victims of ...
The information consists of about 2.7 billion records, each of which includes a person's full name, address, date of birth, Social Security number and phone number, along with alternate names and ...
Examples include owing the IRS money that must be paid within hours, your SSN being compromised or suspended, or winning a prize that you must claim with personal information. They pressure you to ...
Although the original purpose for the number was for the Social Security Administration to track individuals, [1] the Social Security number has become a de facto national identification number for taxation and other purposes. [2] A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. [3]
Synthetic identities are fake identities that combine fake information with actual ID data. For example, combining a real social security number along with a fake address and other synthetic data points. The fraudster can then use the fake identity to acquire driver's licenses, passports and other real ID as well as credit cards and other accounts.
Requiring, storing, and processing personal identifiers (such as Social Security number, national identification number, driver's license number, credit card number, etc.) increases the risks of identity theft unless this valuable personal information is adequately secured at all times. Committing personal identifiers to memory is a sound ...
For example, the United States developed its Social Security number (SSN) system as a means of organizing disbursing of Social Security benefits. However, due to function creep , the number has become used for other purposes to the point where it is almost essential to have one to, among other things, open a bank account, obtain a credit card ...
After a class action lawsuit was filed Aug. 1, the claim that a vast trove of Social Security numbers may have been exposed in the breach has taken off, being echoed across mainstream and social ...