Identity thieves stole over $6 million in Social Security benefits by hacking the government’s online direct deposit program, an agency watchdog reported.
The Social Security Administration’s inspector general released an audit finding the agency’s “my Social Security” program has put roughly $11 million in benefits into the wrong bank accounts.
My Social Security was created in 2012 and allows beneficiaries to set up direct deposit accounts for their retirement and disability payments. Identity thieves soon began abusing the system.
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