Last 4 digits of SSN as encryption password for tax returns or financial documents? Completely unsafe.

Does your accountant, financial advisor, or bank encrypt your tax return or other financial document with the “last four digits of your SSN”? Many professionals do so with great intentions of protecting their client’s information. So far in the first few months 2016 we’ve seen every accountant and several bank send we’ve dealt with send information encrypted with the last four of the social security number – or request that you send it to them with it encrypted with the last four of your SSN. However, it is not providing any security if Continue reading Last 4 digits of SSN as encryption password for tax returns or financial documents? Completely unsafe.