Identity Theft Alert: Protect Against the Damage of a Stolen Social Security Number with’s New Consumer Guide

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Among identity theft tactics, stolen social security numbers pose one of the most damaging threats to consumers’ bank accounts and finances. A new guide from explains why identity thieves target social security numbers and outlines how individuals can protect themselves from becoming victims.

Identity theft

Identity theft

The Holy Grail of identity thieves is the stolen social security numbers. If an identity thief gets ahold of your social security number, they may obtain complete access to your bank account.

Among important documents or personal information consumers should protect, their social security number is number one. “A con artist who knows your Social Security number, bank account information or other personal details can temporarily become you in order to commit fraud. Fixing the damage could take years,” states a report from FDIC Consumer News.

About 8.6 million American households had at least one member who was the victim of identity theft in 2010, according to a November 2011 report from the Bureau of Justice Statistics. In a new consumer guide, outlines why it’s important for consumers to guard their social security number – and what actions identity theft victims can take when they suspect their social security number has been stolen.

“The Holy Grail of identity thieves is the stolen social security numbers,” says Paul Sisolak, expert contributor to “If an identity thief gets ahold of your social security number, they may obtain complete access to your bank account, which could lead to financial hardship, or even ruin, that can be difficult to repair.”’s guide to protecting social security number helps consumers understand how identity theft happens, and how a stolen social security number ends up in the wrong hands. Armed with this knowledge, consumers can recognize identity theft threats and better protect themselves. The guide also includes steps to take when a social security number is suspected to have been stolen, including getting a new social security number.

To learn more about managing the risk of a stolen social security number, click here.

About Go Banking Rates is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.

Additionally, Go Banking Rates partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo! Finance, Forbes, The Street, Huffington Post and more.

For questions or comments, or to learn more about this consumer guide, please contact:

Jaime Catmull, Director of Public Relations
310.297.9233 x261



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