Id theft is a critical crime that may result in monetary break. Some of the necessary 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 identify. This may injury your credit score, value you cash, and trigger you quite a lot of complications.
The Social Safety quantity was first launched in the US in 1935 as a approach to observe employees’ earnings for Social Safety advantages. Nevertheless, over time, the SSN has grow to be more and more used for different functions, resembling identification and credit score checks. This has made it a worthwhile goal for identification thieves.