Will ignoring this cause me problems later?

[Lester Schmitt]

I applied for some business credit. When the lender pulled my credit report, it appears that someone typed in my social security number and transposed two numbers. The credit report shows that Experian and TransUnion matched that SSN with a deceased person and the report shows an ID Alert and High risk warning

The report then does a match by name, date of birth and address and those match so I get a good credit report and have had some business credit cards approved.

Do I need to contact the Credit reporting company to correct their error? Will the risk alerts now show up on another credit report where the SSN is entered correctly

Lester Schmitt