Id theft is a severe crime that may result in monetary damage. One of the necessary items of knowledge that identification thieves want is your Social Safety quantity (SSN). If somebody has your SSN, they will use it to open new credit score accounts, take out loans, and even file taxes in your identify. This will injury your credit score, price you cash, and trigger you a variety of complications.
The Social Safety quantity was first launched in the US in 1935 as a technique to observe staff’ earnings for Social Safety advantages. Nonetheless, over time, the SSN has turn into more and more used for different functions, reminiscent of identification and credit score checks. This has made it a beneficial goal for identification thieves.
