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Scam Targets Social Security Benefits

Wednesday, September 26, 2012 - 2:04 PM
From CNN Money via Yahoo Finance:
In a new scam targeting seniors and the disabled, identity thieves are fraudulently rerouting Social Security benefits to their own bank accounts and prepaid debit cards.

It's pretty straightforward: Identity thieves get their hands on the personal information they need, like a full name and bank account number. Then they contact the Social Security Administration and request that payments be rerouted to their own accounts.

[...] This scam is emerging at the same time the Social Security Administration is actively encouraging all beneficiaries to switch to direct deposit to meet a new regulation requiring the agency to stop sending paper checks, Patrick O'Carroll, Inspector General of the Social Security Administration, said in a Congressional hearing last week.

Read more to learn how one can instruct the agency to make no changes to an account unless you appear in person with sufficient ID.
pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
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