From an op ed in the New York Times:
... Consumers are asked for their Social Security number perhaps dozens of times each year: by banks, by utility companies, by their health care providers, by government agencies, even by websites. Every time the number is given, the odds go up that it will fall into the wrong hands. Still, America’s identification system relies on the fantasy that these nine digits are a secret. Publication of the full Social Security number list would shatter that fantasy and force the banking industry to invent new and genuinely effective ways to protect consumers from identity thieves.
It seems that has finally occurred. The Equifax credit-reporting agency is being terribly, dangerously vague about its stunning loss of “potentially” 143 million Social Security numbers. The data belong to roughly three-quarters of Americans with a credit report. Might as well be everyone.
Whatever the company finally admits to, this much is certain: Social Security numbers are no longer a secret.
These numbers were created for a single purpose: to track worker contributions to a national retirement fund. Until the 1970s, the cards even arrived printed with the warning “Not for identification.” It’s time we heeded that warning and stopped using the number for applications of any kind. For loans, for jobs, for cellphones. It’s going to be very expensive, but the jig is up.
Identity theft is an unfair shifting of costs. It has always been cheaper to avoid investment in security upgrades and instead push the real costs of this system onto victims, who spend hours cleaning up the messes left behind. They sometimes even pay a monthly fee for protection from a system they never asked to be a part of in the first place.
This fragile authentication arrangement based on Social Security numbers persists so that retailers and banks can offer easy credit. Walk in with a number and a name, walk out with a new TV and a credit card. As long as a credit score attached to the Social Security number listed on the application is high enough, many creditors are more than happy to make that snap decision and take the risk. ...
Just please let the Social Security Administration continue using Social Security numbers.Social Security numbers were never designed to be a security tool, and their usefulness for that purpose has run its course.