The Growing Threat

The National Cyber Security Alliance reports that cyber threats to Social Security are on the rise, with scammers selling full access to stolen accounts on the dark web for thousands of dollars. Social Security beneficiaries rely heavily on these accounts for benefit checks and other financial assistance. Without these checks, it can be difficult to pay bills, cover living expenses, and access necessary medical care.

How Scammers Target Social Security Accounts

Scammers typically gain access to Social Security accounts by stealing login credentials, often through phishing attacks or exploiting vulnerabilities in outdated systems. They then sell access online, using stolen identities to withdraw funds or reroute benefit payments to new, fraudulent accounts.

Examples of Social Security Scams

* A compromised account showed a monthly benefit of $1,855.30, with the scammer withdrawing the entire amount. * A scammer claiming to be from the Social Security Administration (SSA) phoned a victim, demanding payment via gift card. * A scammer altered an account holder’s benefits, rerouting payments to a new, unconnected account.

Preventing Social Security Scams

To protect your Social Security account, follow these steps:

• Regularly check your “my Social Security” account for any suspicious activity
• Never click on suspicious links or enter sensitive information
• Enable two-factor authentication through your SSA account settings
• Never respond to unsolicited calls or messages from scammers
• Report any scams to the SSA Office of the Inspector General
• Freeze your credit and lock your Social Security number using the E-Verify Self Lock tool
• Monitor your account for any unauthorized transactions

Obtaining the Death Benefit

When someone dies, their Social Security benefits must be returned. Direct deposit accounts can be frozen if the deceased is the sole account holder. To avoid issues:

• Add a spouse or family member as a joint account holder
• Apply for the $255 lump-sum death benefit within two years using Form SSA-8
• Request a new direct deposit account, making sure it is in the name of the new account holder

Recognizing Obituary Scams

Obituary scams target grieving families with fake calls or messages, asking for sensitive information. Never share personal details over the phone or with unsolicited callers.

Common Red Flags

* Threats of arrest or payment via gift card
* Urgent requests to change direct deposit information quickly
* Requests for your full Social Security number

Myths About Social Security

Some people believe that Social Security is on the brink of bankruptcy. However, this is a common misconception. While the trust funds may be low, the system can still pay around 80% of scheduled benefits. Congress has always acted in time to shore up funding, and reforms are constantly under consideration.

Conclusion

Cyber threats to Social Security are on the rise, but with vigilance and secure online habits, Americans can protect their benefits from fraud. By following these steps and staying informed, you can help ensure the security and integrity of this vital lifeline.

Key Statistics

The threat to the social security system is real, and it’s a concern that’s on everyone’s mind. The increasing sophistication of cyber threats and scams targeting this critical lifeline is causing many Americans to be vigilant about their social security accounts. The Social Security Administration (SSA) is stepping in to make new rules, but critics worry that these rules could do more harm than good due to the administration’s current staffing issues. The key to protecting your social security account is to stay informed and follow a few simple steps:
– Regularly check your account for any suspicious activity
– Never click on suspicious links or enter sensitive information
– Enable two-factor authentication through your SSA account settings
– Never respond to unsolicited calls or messages from scammers
– Report any scams to the SSA Office of the Inspector General
– Freeze your credit and lock your social security number using the E-Verify Self Lock tool
– Monitor your account for any unauthorized transactions
When someone dies, their social security benefits must be returned. To avoid issues, add a spouse or family member as a joint account holder, apply for the $255 lump-sum death benefit within two years using Form SSA-8, and request a new direct deposit account, making sure it is in the name of the new account holder. Obituary scams target grieving families with fake calls or messages, asking for sensitive information. Be wary of:
– Threats of arrest or payment via gift card
– Urgent requests to change direct deposit information quickly
– Requests for your full social security number
Despite the rising threat, it’s essential to remember that social security is not on the brink of bankruptcy. The best way to protect your social security benefits is to stay vigilant and informed. By following these simple steps and staying up-to-date on the latest information, you can help ensure the security and integrity of this vital lifeline.