Protected Accounts

 

 August 2016

The Social Security Administration has tightened security in order to prevent hackers and identity thieves.  Now, when you log into your Social Security Administration account, you do what you’ve always done: give your user name and password.  Then you receive a security code sent by text message, and type in that code to complete your login procedure.  In the cybersecurity trade, this is known as multifactor authentication.   

The result is better security, and a big hassle for some users.  On the first day, Verizon customers weren’t getting their security codes; the problem has since been fixed.  Many older Americans don’t text on their phones, which means they’ll either have to learn or do without their SSA account.  At the same time, multifactor authentication doesn’t prevent cyber criminals from fraudulently creating an online account in your name, and siphoning away your benefits.   

Your response?  If you don’t already have an account with the Social Security Administration, now would be a good time to open one, before a thief decides to do it for you.  (Here’s a direct link: https://secure.ssa.gov/RIL/SiView.do)  And if you aren’t into texting, now is a good time to get familiar with that feature of your smart phone.  If you’re having trouble, ask a teenager for some quick tech support. 

Sincerely,

Edward J. Kohlhepp, Jr., CFP®, MBA
President 

Edward J. Kohlhepp, CFP®, ChFC, CLU, CPC, MSPA

Founder & CEO

 

http://www.facebook.com/pages/Kohlhepp-Investment-Advisors/143204745739600

 

Please contact us whenever there are any changes to your financial situation, personal situation or investment objectives.

 

 

 

This material was prepared by BobVeres.com., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

 Source: 

http://time.com/money/4434100/social-security-website-two-factor-authentication/?xid=tcoshare

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Kohlhepp Investment Advisors, Ltd.
3655 Route 202, Suite 100
Doylestown, PA 18902
Phone: 215-340-5777
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