Originally Posted by thielcats
I emailed PokerStars about the E-Checks. They said that the ssn is used as a signature so your bank can verify you. I dont know, this seems sort of safe but I don't know if I will do it or not.
What do you guys think, do you think your SSN goes past any 3rd party, or goes directly toward your bank?
I think you would probably be fine - there are no guarantees anywhere - even at your bank.
Originally Posted by spore
There are plenty of ways your identity can be stolen, and it is a very very low likelyhood that a reputible company like PokerStars would compromise your SSN/any other personal info. And, like it's been mentioned before, if it does happen you will be notified and can catch it before it hurts you.
The general rule is.. if you it's not a big-name website/company, be very wary of giving out your SSN/Credit-card, etc.. But, if it is a big company that is well-known, the chances of your SSN/CC#/Whatever getting leaked by them is incredibly small.
I can get anyone's ssn in a matter of minutes - all I need is their name and maybe their address depending on how common the name is, and/or any other information on them that is a matter of public record.
It will vary from business to business but here are the most common ways identity theft occurs where I work:
- theft rings hack into the files of a major reputable business
- theft rings hire people and plant them in banks, credit card companies, credit bureaus - any place where people like me work and have access to this information
- family members, friends or acquaintences access your personal information in your home
There are various other methods - but the percentage of identity theft from them is small. I can only assume any distrust of echeck means that you think the company itself is fraudulent - that is extremely unlikely. If you are fearing employees of the company rather than the company itself - then you may as well have no mortgage, no car loan, no credit cards, etc. cause that can happen anywhere. Almost all employees at all of these places have access to your ssn.