Tag: Social Security

Capital and Risk, Macroeconomic, Regulations

‘Build Back Better’ Bill Could Cost Taxpayers $10.5 Billion by Boosting Illegal Alien Eligibility for Benefits

November 17, 2021


It’ll be easier for illegal aliens to obtain billions of dollars of taxpayer-funded benefits, if Democrats’ Build Back Better bill (H.R. 5376) is enacted. Currently, applicants must provide a valid Social Security number in order to receive benefits – but, […]

Capital and Risk, Operational

Capital One fined $80m for 2019 data breach

August 10, 2020

Via: Banking Technology

The fine relates to a July 2019 data breach which exposed the records of more than 100 million customers. A hacker accessed American and Canadian Capital One customers’ data hosted on Amazon Web Services (AWS). The breach exposed names, addresses, […]

Capital and Risk, Macroeconomic

Why the United States was wide open to a disaster like Equifax

September 21, 2017


More than sloppy cybersecurity measures, the massive data breach uncovered at Equifax revealed inherent flaws in the U.S.: the over-reliance on Social Security numbers credit reporting system in need of reform. The Social Security number is a “chief means” of […]