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August 13, 2010

A "Social Security Mess?"

A posting by Tom Barlow on WalletPop.com is quoting a study by a firm called ID Analytics, Inc. According to this study based on 280 million Social Security numbers:

* More than 20 million people have more than one Social Security number associated with their name;
* More than 40 million Social Security numbers are associated with more than one name;
* More than 100,000 Americans have 5 or more Social Security numbers associated with their name;
* More than 27,000 Social Security numbers are associated with 10 or more people.

Some of this is data error, and I am guessing that some of it might be based on common last names such as Smith, Jones, etc.

If you showed this study to 10 people, 8 or 9 would be worried about identity theft.

What I worry about is the potential impact on housing professionals using EIV.

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