Final answer:
The statement is False. Although an SS card does not contain a photo, losing it can still lead to identity theft by allowing unauthorized access to personal identification information, such as the SS number. It is important to take precautions to protect your SS number and personal information, even without a photo on the SS card.
Step-by-step explanation:
The statement is False. While a Social Security (SS) card does not contain a photo, it is still possible for your identity to be stolen by losing your SS card. Identity theft can occur when someone wrongfully acquires and uses your personal identification information, such as your SS number. Once a person's identity is stolen, thieves can misuse this information to commit fraud and engage in activities that can harm your financial well-being.
For example, with your SS number, thieves can open new credit accounts, apply for loans, or file fraudulent tax returns in your name. They can use your information to access your existing accounts, such as banking or credit card accounts, and make unauthorized transactions. Additionally, your SS number is often requested as a verification method for certain services, so losing your SS card could potentially expose your personal information.
It is important to take precautions to protect your SS number and personal information even without a photo on your SS card. This includes keeping your SS card in a secure place, like a locked safe or a secure folder at home, and only sharing your SS number when absolutely necessary and with trusted entities.