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It should be fine to broadcast SSN, the blame really falls to credit reporting companies and lenders treating it as a private and secure identifier. SSN's were
by cwkoss 5y ago
It should be fine to broadcast SSN, the blame really falls to credit reporting companies and lenders treating it as a private and secure identifier.
SSN's weren't designed to be secure, and after decades of leaks they certainly aren't now. Lenders have attempted to brand losses based on this as "identity theft" (putting onus on the person) rather than just "we failed to properly authenticate before handing this person our money". Time to stop subsidizing usurers by letting them get away with this. SSNs are effectively public, and are not secure identifiers.
- geoduck14 5y agoWhen banks do KYC, they use: Name, address, DOB, and SSN. SSN is the "least" public of those. If all 4 are publicly available, it is trivial to impersonate you and launder money with your ID.
- cwkoss 5y agoBanks should do better authentication so they aren't accomplices in related crimes.