1. Home
  2. SSN

SSN

Social Security numbers are a privacy liability

Hundreds of millions of SSNs have been leaked online already, but a privacy-focused identity solution could help fix the problem.

Opinion by: Nanak Nihal, president of Holonym Foundation

Social Security started like any form of identity — not identity for its own sake but to solve a specific problem that needs an identity solution. Social Security numbers (SSNs) were created to distribute benefits. If those creating them knew they would be used for identity and security as they are today, they would have designed them very differently. While some may think Social Security numbers are good enough, we should actively strive for better. 

SSNs are terrible identifiers. They suffer from two problems: the entropy problem and the symmetry problem. The entropy problem is that they are not random, so they’re pretty easy to guess, which is undesirable for something you are supposed to keep secret. The symmetry problem is one where you need to prove you’re legitimate. When you give someone your Social Security Number to prove your legitimacy, you’re no longer keeping it a secret, when it should be. 

Read more

DeFi TVL drops by $45B, erasing gains since Trump election

$109,000 Drained From 81 Year-Old’s Bank Account in Devastating Social Security Scam: Report

9,000 Drained From 81 Year-Old’s Bank Account in Devastating Social Security Scam: Report

An 81 year-old woman says she’s lost her entire life savings to a Social Security scam. Washington, D.C.-based Gladys Baxley says she recently received a call from someone claiming to be with the Social Security Administration, reports the CBS-affiliated news station WUSA9. When the caller said Baxley’s Social Security number was in the hands of […]

The post $109,000 Drained From 81 Year-Old’s Bank Account in Devastating Social Security Scam: Report appeared first on The Daily Hodl.

DeFi TVL drops by $45B, erasing gains since Trump election

Internet Service Giant Says 237,703 Customers’ Social Security Numbers Exposed in Major Data Breach

Internet Service Giant Says 237,703 Customers’ Social Security Numbers Exposed in Major Data Breach

One of the largest internet service providers in the US says hundreds of thousands of customers’ social security numbers have been exposed. A new data breach notice at the Office of the Maine Attorney General shows a total of 237,703 customers at Comcast have had their names, addresses, social security numbers and birthdates exposed. In […]

The post Internet Service Giant Says 237,703 Customers’ Social Security Numbers Exposed in Major Data Breach appeared first on The Daily Hodl.

DeFi TVL drops by $45B, erasing gains since Trump election