Identification theft is a critical crime that may result in monetary smash. Probably the most vital items of data 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 title. This could injury your credit score, price you cash, and trigger you lots of complications.
The Social Safety quantity was first launched in the US in 1935 as a strategy to observe staff’ earnings for Social Safety advantages. Nevertheless, through the years, the SSN has turn out to be more and more used for different functions, equivalent to identification and credit score checks. This has made it a beneficial goal for identification thieves.