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NerdWallet's Smart Money Podcast

SSN SOS: How to Keep Your Social Security Number Safe from Data Breaches

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 16 October 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Learn how to protect your Social Security number and stay safe from identity theft, plus the latest news on inflation and health insurance rates. How can you protect your Social Security number from identity theft and data breaches? How can you freeze your credit? What should you do if your Social Security number is compromised? Hosts Sean Pyles and Anna Helhoski talk to Lauren Schwahn, a writer at NerdWallet who covers credit scoring, debt, budgeting and money-saving strategies, about how to keep your Social Security number safe. In the wake of recent data breaches exposing millions of Social Security numbers to potential fraud, Lauren shares practical tips on how to protect your personal information and prevent identity theft, from freezing your credit to setting up protections with the Social Security Administration. Then, Sean and Anna cover a few other money headlines, including the latest inflation numbers and what they mean for your wallet, rising health insurance premiums, and how much Americans are planning to spend on Halloween this year.  Get your free credit report: https://www.nerdwallet.com/p/free-credit-report  In their conversation, the Nerds discuss: Social Security protection, identity theft prevention, how to freeze credit, credit freeze, preventing identity theft, data breaches 2024, how to secure personal data, Social Security fraud, identity theft protection tips, how to avoid identity theft, rising health insurance costs, healthcare premiums 2024, Halloween spending statistics, inflation impact on groceries, cost of living 2024, inflation and consumer confidence, employer-sponsored health insurance, and financial security tips. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:36.4

Welcome to NerdWallet's Smart Money podcast. I'm Sean Piles.

0:39.4

And I'm Anna Hillhousy.

0:41.3

And this is our weekly Money News Roundup, where we break down the latest in the world of finance

0:46.2

to help you be smarter with your money. We'll go deep into a single topic and then leave you

0:50.0

with the latest money headlines.

0:52.0

Today we're talking about how to keep your social security number

0:54.9

safe. We're joined by fellow nerd Laurenne Schwan. Welcome back to smart money, Lauren. Thanks for

1:00.3

having me. I think we're all aware of the all-encompassing importance of our social security numbers.

1:06.0

It's drilled into us practically when we're in the womb, that this number is the number that you

1:10.4

must keep secure for your entire lifetime. And yet, for a whole lot of Americans, it's becoming

1:15.6

harder and harder to keep it secure. Give us a rundown of some of the most recent hacking

1:20.5

incidents that put social security numbers at risk. These incidents probably happen way more often

1:26.0

than we're actually aware of, but a few have come to light recently.

1:29.3

The biggest one in the headlines was a breach of national public data, a company that provides data for background checks.

1:35.3

And close to 3 billion records with Social Security numbers may have been compromised in that hack,

1:40.3

and apparently most of that information was leaked onto the dark web.

...

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