Social Security Number (SSN)
Candlefocus EditorIndividuals who need an SSN are required to fill out Form SS-5, the Application for a Social Security Card. This application requires proof of identity and age, such as a copy of the applicant’s birth certificate. When the SSA processes the form, a unique nine-digit identification number is assigned to the individual, which is known as their Social Security number.
The SSN is widely used for various purposes, including income and employment tax purposes, bank accounts and other transactions, and for access to government benefits. It is even sometimes used as an identification number in place of a driver’s license. Unfortunately this has led to SSNs being exposed to theft and fraud. Fraudsters can misuse SSNs to commit identity theft such as opening new bank accounts or applying for credit cards in someone else’s name.
In an attempt to protect SSNs, the SSA has recently updated their policies. For instance, they now limit which documents employers can request from applicants. They also call for the destruction of documents containing SSNs and advise the public to safeguard any information containing their SSN.
The SSN is an important number that is used to track individuals’ earnings and determine benefits, but it is susceptible to misuse. To protect it, individuals must take steps to safeguard their information, such as limiting the people they share it with and regularly monitoring their bank accounts and credit reports.