What Are The Dangers Of Losing My Social Security Card
Scammers can use your SSN to apply for credit cards or loans in your name, or commit account takeover fraud and steal or access additional personal information. One of the fastest-growing COVID-19-related identity theft crimes is tax fraud and identity theft, whereby thieves file a phony tax return in your name, hoping to snag a refund before you catch on. If your Social Security card is stolen, be sure to report the loss to the Internal Revenue Service. Another recent COVID-19 scam that cruelly exploits job losses involves filing phony unemployment claims using your SSN, birth date, name, or address.
Even if your Social Security card is not stolen or lost, you need to remain vigilant for scammers who call you claiming theres a problem with your SSN or account and try to get you to divulge personal information. If theres a legitimate problem with your number or account, the Social Security Administration will mail you a letter with your Social Security number. To learn how to respond to unsolicited robocalls or calls using caller ID spoofing, visit this SSA webpage.
If You Have Been Affected By A Data Breach
The Government of Canada is committed to protecting the integrity of the SIN program from fraud and misuse. It takes any breach of information very seriously.
If you have been affected by a data breach, contact Canadas 2 major credit bureaus to monitor your file.
- Equifax: 1-800-465-7166
- TransUnion: 1-800-663-9980
Regularly review your banking and credit card statements, especially after the credit monitoring service ends.
If you notice any suspicious activity, immediately report it to the police, contact the Canadian Anti-Fraud Centre, and inform Service Canada. This will help reduce the potential impact.
Service Canada does not issue a new SIN for those affected by a data breach.
If You Suspect Someone Is Using Your Sin
If you think someone else is using your SIN, act quickly. This will help prevent loss and minimize the negative impact.
Be vigilant Watch for signs that someone else is using your SIN. For example, ifCRA contacts you with a Notice of Reassessment for undeclared earnings, it may mean that someone else used your SIN to work or to receive other taxable income.
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Why Does The Bank Need My Social Security Number
The banks use your SSN to evaluate your credit report and to send information about your interest and investment income/losses to the IRS. Banks also use your SSN to report tax-deductible mortgage interest to the IRS and to manage your account in general. Most banks will ask for your social security number.
What Should You Do If Your Social Security Number Is Stolen
If your Social Security number gets stolen and you wish to protect yourself from possible harm, there are a few things you can do: Report identity theft to the Federal Crime Commission. If youe experiencing any of the above-mentioned types of identity theft, report them to the responsible government organ.
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Why You Need A Social Security Number
The Social Security Administration describes an SSN as a nine-digit number used to track an individuals identity. Youll need your Social Security number to authenticate your identification and keep track of your earnings whenever you begin a new job or apply for government assistance. Make sure to contact the Social Security Administration if you cannot locate your card and need your Social Security number.
How Can Someone Steal Your Social Security Number
There are plenty of ways that you can have your social security number stolen or improperly assessed. Some of the different ways are by stealing it from an online database, a malware attack on your computer, by posing as someone that you would normally give your social security number to, and even by physically stealing your wallet or even going through your trash. There are plenty of different ways that someone can gain access to your social security number. Because of this, you want to be sure that you are protecting your social security number as best possible to avoid this from happening.
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All You Need To Know Is Yourself
Answer simple questions about your life and TurboTax Free Edition will take care of the rest.
Estimate your tax refund andwhere you stand
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The above article is intended to provide generalized financial information designed to educate a broad segment of the public it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.
What Is Social Security Number Theft
Social Security Number theft or Social Security Number fraud is big business for thieves. The Social Security Administration estimates that in 2019 the administration made $7.9 billion in improper payments due to fraud. This boils down to an average cost of identity theft of over $1,000 per person!
The problem is a growing one. In 2017 the number of Social Security Numbers compromised in data breaches surpassed the number of credit card numbers, according to a study by Javelin Strategy & Research.
Social Security Number theft can wreak havoc on your credit score. The effort and time required to undo that sort of damage can often take years.
Once hackers or thieves have your SSN, they can make false statements on claims, file claims under your SSN, file fraudulent tax returns for refunds, open bank accounts and credit cards and more. A SSN, especially one with a good credit score attached, can be used to extract serious money quickly via these scams.
Get The Best Identity Theft Protection Today
If you think youve been victimized after experiencing a lost or stolen Social Security card, or your Social Security number has been exposed by a data breach, we can help you take the steps to protect what matters most. IdentityForce can help monitor your identity and credit while providing you with the latest news and information in identity theft protection. Our Smart SSN Tracker alerts you if an unfamiliar name, alias, or address is associated with your SSN, and our experts will be there to assist you every step of the way. IdentityForces Identity Vault provides online encrypted storage for your important personally identifiable information including SSNs, credit cards, financial account information, and birth dates, along with other important documents. It also provides access to online and mobile digital organization and storage of digital copies of important legal and personal documents, medical records, and other items.
Weve built best-in-class, innovative capabilities that continue to be named the best identity theft protection service throughout our industry. Additionally, our IdentityForce members receive full, white-glove restoration services to reduce the damaging effects of all types of fraud, theft, misuse, and unintended exposure of personal and financial data.
Let us show you how IdentityForce can help you manage through a compromised Social Security number incident. .
**Originally published July 11, 2017. Updated April 14, 2021.**
Everyones Social Security Number Has Been Compromised Heres How To Protect Yourself
All of our SSNs have been compromised, say experts.
Every day, it seems, another data security disaster puts our personal information at risk. If its not a major hotel or restaurant chain getting hacked, its a financial institution.
Following breaches at Capital One, Equifax and a slew of other financial and healthcare organizations, theres little doubt that your social security number has been compromised, say cybersecurity experts. Not just yours. Mine, too, as well as those of our spouses, neighbors, friends and colleagues.
Your social security number is somewhere out there on the dark web, says Charles Henderson, who heads up X-Force Red, a team of hackers at IBM Security that companies hire to break into their computer systems to expose vulnerabilities.
It’s totally reasonable to assume that your social security number has been compromised at least once, if not many times, says Mike Chapple, associate teaching professor of information technology, analytics and operations at the University of Notre Dame’s Mendoza College of Business.
A compromised social security number is much more problematic than when other types of personal data hacked. If your credit card number is stolen, your bank can issue a new one within days. If your passport or driver’s license is stolen, you can get a replacement issued with brand new numbers.
With Marriott and the other hotel breaches, all of those credit cards got revoked and re-issued, points out Henderson.
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You Put An Account Number Into A Dummy Website
Some phishing emails or fraudulent URLs are created to look so convincingly like your bank’s, it is easy to mistakenly enter your username and password or, if they ask for it, your checking or savings account number. Other websites are made to emulate popular e-commerce or retail websites, tricking you into entering your credit card details.
If you’ve given away any of these numbers, call your bank immediately and describe the error in detail. Your bank should be able to read back any charges have been made fraudulently and connect you to the right department to help freeze or suspend the accounts that may have been comrpomised. You can typically find the fraud department directly by using the fraud services number on the back of your credit card, or on the bank’s website.
If fraudulent charges have been made, you may have to fill out a paper report, and any reimbursement may take time, typically a bit longer for debit cards than for credit cards. Here’s a version of one of these forms, used by Inova Federal Credit Union. A banker may call you to ask follow-up questions.
Stay Vigilant To Help Protect Your Personal Information
If your Social Security number and personal information fall into the wrong hands, it could take you months to undo the damage. Monitoring your credit helps prevent the likelihood of this happening. The sooner you catch fraudulent activity, the easier it can be to reverse.
However, if you find that someone is using your SSN, it’s possible to remove the activity from your credit file. Filing reports with the proper authorities can help reverse the impact of someone stealing your personal information.
Diligence with your credit is a round-the-clock effort. Tally1 makes it easier for you to keep track of your credit card accounts and manage your monthly payments with a low-interest line of credit.
1To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit. The APR will be between 7.90% and 29.99% per year and will be based on your credit history. The APR will vary with the market based on the Prime Rate.
4 Late Fee Protection With a Tally line of credit, late fee protection is available on linked credits cards for users who are current on their account, in good standing, and have provided accurate credit card and bank account information.
6The portion of your credit line that can be paid to your cards will be reduced by the amount of the annual fee.
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What Can I Do To Protect My Social Security Number
There are a few things you can do to keep your personal information and identity safe. Keep all important documents, whether physical copies or digital, private and protected. Any record of your social security number online should be password protected. Take cyber safety steps such as having a good antivirus and malware software installed on your computer to ensure you do not fall victim to hackers. Advanced technology has been consistently abused and thats why you must protect your identity as much as you can.
If you notice suspicious activity, report it immediately to the relevant government agencies. The Social Security Administration and Federal Trade Commission are good places to start. You should also file a police report. Another thing you can do is freeze your credit with major credit bureaus. This stops your credit cards from being accessible to lenders and prevents new accounts from being opened in your name.
If you suspect your social security number has been leaked or compromised, contact the fraud department of the company involved with the breach. You can protect yourself from these attacks with identity theft protection programs like Identity Guard and LifeLock and weight the pros and cons so you can decide which one to get.
A New Sin Does Not Protect You From Fraud And Identity Theft
The Government can only share your new SIN with the federal departments and agencies that use your SIN.
Therefore, you are responsible of providing your new SIN to every financial institution, creditor, pension provider, recent and current employer, and any other organization with which you shared your old SIN.
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What Should I Do If My Identity Is Stolen
Notify all your banks and financial companies as soon as you realize your identity has been stolen or an account is at risk. If you bank with us, . We’ll work with you to help correct any unauthorized transactions in your Chase accounts, fix any incorrect information weve sent to the credit reporting agencies and help protect you from any future identity theft or account fraud.
We also urge you to take these steps immediately:
You can also check out these resources for more tips and information:
- U.S. Department of JusticeFraud Section site
Requirements for Requesting Credit Card Documentation
We realize you may be a victim of credit card identity theft and would like details from a credit card application or account business records. Before we can send you specific details from any application or business record, were required by the FACT Act of 2003 and our own identity protection policies to obtain the following information from you:
Chase Card Services
Request For Identity Verification From The Irs
When the IRS stops a suspicious tax return filing, they may send a letter called “Letter 5071C” asking that you verify your identity. It will include a couple ways to verify it: via a phone number or through the IRS’s Identity Verfication Service, .
This online service is the quickest method and will ask you multiple-choice questions to verify whether or not the tax return flagged for further identity verification was filed by you or someone else. The IRS only sends such notices by mail. The IRS will not request that you verify your identity by contacting you by phone or through email. If you receive such calls or emails, they are likely a scam.
If you can’t confirm your identity using the IRS’ online Identity Verification Service, you can call the IRS at the phone number included in the letter.
When confirming your identity, you will need:
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File Fraudulent Tax Returns
Your Social Security number is also used to file your taxes in most cases. Someone who has your SSN can file a fraudulent tax return in your name to be able to claim a refund or stimulus money. You often dont know that a fraudulent tax return has been filed until you go to file your own. It can take months to straighten things out with the IRS, and this can keep you from being able to access your own refund in the meantime.
Monitor Your Credit Reports
One of the most important things that you can do to avoid becoming a big victim of the improper use of your social security number would be to properly monitor your credit reports. You want to monitor everything from your credit. That way, you will be able to tell whether or not someone is actively using your social security number to try to pose as you to open new accounts. This is a great way to really ensure that no one is actively using your social security number other than yourself. Because you will be able to see exactly what accounts you have open and everything, you will be able to figure out whether or not someone is improperly using your social security number. You can do this by getting free credit reports, requesting reports from different agencies on a yearly basis, and more.
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