Can SSN Theft Result In A Monetary Loss?
According to the Federal Trade Commission (FTC), the number of consumer complaints relating to identity theft lodged with the US FTC between 2018 and 2020 multiplied threefold to over 1.3 million reports. Despite a slump in 2022, the number is still over 1.1 million reports. The responsible approach of companies to invest in cybersecurity seemingly pays off but it is far from a desired scenario.
If you have not yet read our article on the threats linked to using the Barbie filter, read it here. At the company level, employees should be properly and regularly trained, security standards should be at a high level, and the tools that the company uses should be compliant and effective. Cybersecurity threats arise consequently with technological advancement, but it is undoubtedly the COVID period that boosted identity theft incidence.
Understanding the Dark Web and Social Security Numbers
Some ID protection services also come with an insurance policy of up to $1,000,000 in case of losses from identity theft. Unfortunately, fraudsters with your info might also access your children’s data as well. They can create new credit files and ruin your kids’ chances of applying for government benefits like student loans or employment benefits in the future. A data breach is the most popular way hackers can steal your identity to sell on the dark web.
The few that do are often considered more trustworthy; otherwise, you wouldn’t give them such vital information. However, even massive enterprises have been victims of data breaches in the past decade. If enough elements are exposed, it can quickly result in identity theft, making it vital that any personal information is protected from unauthorized access or disclosure. Once a hacker has your social, he or she can commit all kinds of identity fraud – it doesn’t stop at bank accounts.
- If your phone number is found on the dark web, you can register your number on the National Do Not Call Registry to reduce spam calls.
- Credit monitoring can help you detect possible identity fraud sooner, and can prevent surprises when you apply for credit.
- Indeed, there are a number of sites where people can buy drugs or guns, among other things.
- The only difference is that the identity thief uses your SSN and PII to file tax refunds instead of benefits in your name.
- They may also place your Social Security number on the Dark Web to sell to other identity thieves.
The dark web social security number market is a concerning aspect of online security and privacy. Many people are unaware of how their personal information can end up on these illicit platforms.
If you’ve heard of the dark web, you might be worried that criminals can use it to steal your identity and access accounts. Make purchases with your debit card, and bank from almost anywhere by phone, tablet or computer and more than 15,000 ATMs and more than 4,700 branches. If you receive an alert, it means we’ve found your personal information on the dark web. You can’t remove the info once it’s there, but you can take action to protect it and help limit fraud. Wire transfers can be a safe way to pay for things online, but Myroup cautions people to be careful with the directions for a wire transfer.
You can create a myEquifax account to place a fraud alert and security freeze on your Equifax credit report. Dewan Anton Williams, 47, of Detroit, is accused of going onto the dark web to purchase the social security numbers of identity theft victims. Officials said they later found personal information from about 7,000 people at Williams’ home. Identity protection software from McAfee can help keep your information out of the hands of cybercriminals.
Now as an extra precaution, if you’re not already protected by a dark web monitoring service like the one we offer, consider getting one right away. Monitoring your personal and financial accounts is the only way to detect and stop identity scams that damage your credit and reputation. Uncovering and recovering from SSN theft is a time-consuming and expensive process. That’s why millions of Americans use identity protection services like Identity Guard.
What is the Dark Web?
The dark web is a part of the internet that is not indexed by standard search engines. It requires special software, such as Tor, to access.
Key features of the dark web include:
- Anonymous browsing and communication
- Marketplace for illegal goods and services
- Risky environment for personal information
The Importance of Social Security Numbers
A social security number (SSN) is essential for various aspects of life in the United States. It is used for:
- Employment verification
- Tax purposes
- Applying for credit and loans
Because an SSN is a key identifier, it is a prime target for identity thieves.
How Social Security Numbers End Up on the Dark Web
There are several ways a dark web social security number can be acquired or traded:
- Data breaches: Large-scale hacks on companies can expose sensitive information.
- Phishing attacks: Scammers use deceptive emails or websites to steal data.
- Social engineering: Manipulating individuals into divulging personal information.
The Dangers of Having Your SSN on the Dark Web
Having your social security number compromised can lead to severe consequences:
- Identity theft: Fraudsters can open accounts and access services in your name.
- Financial loss: Unauthorized transactions and debts can accumulate quickly.
- Legal issues: You may face complications if someone commits crimes using your identity.
How to Protect Your Social Security Number
To safeguard your social security number from appearing on the dark web, consider these tips:
- Limit sharing: Only provide your SSN when absolutely necessary.
- Use strong passwords: Secure your accounts with complex passwords and two-factor authentication.
- Monitor credit reports: Regularly check your credit for unusual activity.
What to Do If Your SSN is Compromised
If you believe your dark web social security number has been compromised, take immediate action:
- Freeze your credit: Prevent new accounts from being opened in your name.
- Report identity theft: Contact the Federal Trade Commission (FTC) and local authorities.
- Monitor accounts closely: Look for any unauthorized transactions or changes.
FAQs
Q: How can I check if my SSN is on the dark web?
A: There are services, such as credit monitoring tools, that can alert you if your information appears in dark web databases.
Q: Is it safe to use free VPNs to browse the dark web?
A: Free VPNs may not provide adequate security and could expose you to further risks; it is better to choose a reputable paid VPN.
Q: What should I do if I find my information on the dark web?
A: Immediately take steps to secure your personal information by following measures like credit freezes and reports of identity theft.
Understanding the complexities surrounding dark web social security number issues is vital for protecting your identity and personal information. Awareness and proactive strategies can help mitigate the risks associated with this hidden part of the internet.