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Month: September 2024

Do this right now if your Social Security number was snared by hackers

Do this right now if your Social Security number was snared by hackers

In 2020, there were 1,108 data compromises. By 2023, the number of compromises reached 3,205, according to the Identity Theft Resource Center.

The most recent high-profile breach: An estimated 2.9 billion Social Security records, or 272 million unique Social Security numbers, were stolen from a Florida company in April.

The numbers have been available for months. What does that mean for consumers?

“When someone assumes your identity with your Social Security number, they could apply for credit cards or a loan; they could open cellphone or other accounts in your name or use the information in other ways,” said Luke Ervin, a San Diego-based financial adviser with UBS Financial Services Inc.

Meghan Land, the executive director of Privacy Rights Clearinghouse, a national privacy nonprofit, said it’s best to assume your data will eventually end up in the wrong hands.

“Data breaches are unfortunately incredibly common,” Land said. “Even if you weren’t a victim in this one, information about you has likely been compromised in another breach. It can only help you to take proactive steps because this isn’t the first breach to compromise SSNs and it won’t be the last.” read more