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Tweaking Social Security to Combat Fraud
Tim Mullen, 2008-02-13

Americans lost over 45 billion dollars in identity-related fraud in 2007. Reports are so commonplace that we've actually become de-sensitized to them. "200,000 victims reported..." "500,000 victims reported..." Even figures into the millions don't seem to faze us anymore. And that is a Bad Thing.

Comments Mode:
Tweaking Social Security to Combat Fraud 2008-02-22
JustAThought
IMHO, the problem is because their using an ID that was meant for a social service and the credit companies got a cheap way to ID people. The use of SSN for credit use is outdated. Its really the credit companies who don't want to come up with their own form of ID system that can protect consumers. After all, losing a few million people isn't all bad when there's 400 million of us.

After all, look at the behavior of credit companies. They gave credit cards to irresponsible people then lobbied for bankruptcy laws to be changed. Kinda makes you wonder who was the irresponsible one to begin with. I think the tweaking of SSN is a short sighted fix. There's lots of smart people here, I'm sure we can come up with a better solution than that.

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