provided by Published 9:00 am CDT, Friday, November 2, 2018 MoneyTips Do you monitor your Social Security number for any signs of fraudulent use? A new survey suggests you think that you should, but you probably don't. According to the 2018 Capital One Credit Protection and Security Survey, only one in seven Americans uses a service to monitor activity on their Social Security number – but just over half of Americans who don't use a monitoring service think they should use one. Why is Social Security monitoring so important? Your Social Security number is your most important and most often-used identifier. Criminals can use your Social Security number to apply for credit in your name. Without monitoring services, you may not realize your Social Security number has been abused until you're confronted with major unpaid bills and ruined credit. Because of their versatility in identity theft scams, Social Security numbers are highly prized pieces of information. … [Read more...] about Only 1 Out Of 7 Monitors Their Social Security Number Online
Protecting social security number
provided by Published 9:00 am CDT, Friday, July 27, 2018 MoneyTips Congratulations! You're the proud parent of a newborn bundle of joy. Many things are swirling through your head right now, especially if this is your first child. Acquiring a Social Security Number (SSN) for your child is probably not near the top of your priority list, and it probably shouldn't be – but don't let a Social Security number slip through the cracks. An SSN provides an important identity reference for your child throughout his or her life, and you may need his or her SSN for tax purposes, medical coverage, and government services. The simplest way to acquire your child's SSN is to fill out a birth registration form. Normally, you will be provided a form at the hospital while the mother is still registered as a patient. Simply check the box on that form requesting a SSN and provide the Social Security number of both parents. If a parental Social Security number is unknown, you may … [Read more...] about How To Get Your Child A Social Security Number
Minnesota is inching forward on a yearslong, major project to beef up security for everyone with a driver’s license, tax form, or Social Security number stored on a state computer. So pretty much all of us. The state needs $10.6 million — and has so for several years — to get it done. It’s gotten $0 from the Legislature and Gov. Mark Dayton. Members of the Republican-controlled Legislature and Dayton, a Democrat, have blamed each other for what has become, for three years in a row, a casualty of the often-political and acrimonious budget process. RELATED: What’s it like inside Minnesota’s most secure computer room? Meanwhile, MNIT, the state’s information technology agency, has quietly plodded ahead in small steps that began years before, with the hope, officials say, of staying ahead of a successful cyberattack, which could cost taxpayers millions of dollars, as well as untold inconvenience. State computers contain tax forms (including … [Read more...] about Our driver’s licenses and Social Security numbers are on these servers. The state wants to make them safer.
In an effort to protect people from health care fraud, the government is distributing new Medicare cards that lack Social Security numbers.The Centers for Medicare & Medicaid Services has started a yearlong process this month to send the cards to the millions of people enrolled in the federal health insurance program. However, Oklahoma residents will not begin to receive their replacements until after June, according to a news release from LIFE Senior Services.The cards feature a unique 11-digit Medicare number that are replacing the Social Security number-based Health Insurance Claim Number.The purpose of the new numbers is to help combat identify fraud, according to the release. Scammers often prey upon Medicare members by calling them and requesting the Social Security number located on the cards under false pretenses, allowing them access to personal information.The new numbers, which are randomly generated, will help prevent scammers from accessing this … [Read more...] about Medicare customers to begin receiving new cards lacking Social Security numbers to combat identity fraud
Published April 07, 2018 Markets Motley Fool Facebook Twitter Comments Print Social Security is a key program that pays benefits to tens of millions of Americans each and every month. Nearly everyone can expect to get Social Security payments at some point during their lifetimes, and the financial security that the program offers, both to retired workers and to those who become disabled during their careers, can be extremely valuable in helping them make ends meet. Yet there's a lot that people don't know about Social Security. To help spread the word, the Social Security Administration (SSA) has declared April National Social Security Month, and the agency believes that now's the right time to do some retirement planning. In particular, the SSA has five things it's urging people to do in order to prepare for retirement and understand exactly how Social Security can help them get there. Continue Reading Below 1. Get to know what Social Security offers you … [Read more...] about Social Security Wants You to Do These 5 Things to Plan for Retirement