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Experian® Secures SSA’s Online Statements from Fraud

May 18, 2012

The global information services company Experian® announced Thursday that it has secured the U.S. Social Security Administration’s online Social Security Statements from possible fraud, reports said.

The company provided the federal agency with a fraud detection and prevention platform to help authenticate and protect the identities of people who now have the ability to access their statements of benefits and earnings on the SSA’s website.

For an agency like the SSA, verification of identities with confidence is critical, group president of Experian Credit Services and Decision Analytics Kerry Williams was quoted as saying.

He also said that the company’s fraud prevention platform Precise IDSM “will provide the SSA with an additional layer of security” that would help eliminate “threats such as identity fraud and unauthorized access to information.”

The SSA’s online statement allows people to see their disability, survivors, and retirement benefit estimates, making the statement an important financial planning tool.

Individuals aged 18 and older can access their statements online by first providing information about themselves that would match the information in their Social Security file. Then, with Experian’s Precise IDSM platform, the SSA can securely authenticate and verify identities of individuals.

Once verified, they can create an account at the “My Social Security” page by entering their own username and password for them to access their online statements.

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