Id theft is a severe crime that may result in monetary damage. One of the 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 a variety of complications.
The Social Safety quantity was first launched in the USA in 1935 as a strategy to observe staff’ earnings for Social Safety advantages. Nonetheless, through the years, the SSN has change into more and more used for different functions, similar to identification and credit score checks. This has made it a precious goal for identification thieves.
