More credit card issuers now approve applicants without a Social Security number, giving scammers new ways to commit identity theft using stolen data.
You don’t need an SSN to open a credit card: Scammers know that
Credit card issuers increasingly approve applications without requiring a Social Security Number (SSN), enabling scammers to exploit stolen personal data for identity theft. Financial institutions and customers relying on these services face elevated fraud risks, with scammers leveraging the absence of SSN verification to open fraudulent accounts. This bypasses traditional fraud controls, exposing lenders to financial losses and consumers to credit damage.