The SSN was issued as a retirement account number, and on the card it was clearly marked “not for identification.” (I have my original card.) Today it is the universal identification number and is used for hundreds of purposes other than the original.
It is given to credit bureaus without our consent, where a complete dossier is created, all under the SSN.
The SSN is a number without the slightest control. There is not even a check digit, an elementary protection against the transposition of numbers. Nothing. It has enough digits to theoretically handle 1 billion numbers. (But people die, and new ones are born.)
This is a huge problem, and no doubt the problem will become the justification for new, totalitarian measures that will make us wish they hadn’t “solved” the problem.
What needs to happen next is to make the penalties for hacking severe and to pursue hackers like mad dogs.
My IT genius son says the blockchain solution is on its way....cannot get here soon enough in my mind.
He says blockchain technology will have a greater impact on our world and lives than the internet did - and he was in on the leading edge of the internet in the early 90’s, and worth $1.3 million when 26.
What’s the over-under on the timing for Equifax to stash all their profits elsewhere, declare BK and then miraculously re-appear as the “new name, next gen, completely safe, etc.” credit-ripoff agency?!
If you can’t handle the security end of the business you should go do something else.
I am getting disgusted with operations that keep losing data to hackers. How do you opt out of equifax?