Have you ever asked, “what is synthetic identity fraud and how can I safeguard my institution against it”?
Fraudsters, like Shana in this video, are creating synthetic identities using a mix of legitimate and fabricated information to create new...
Alert identity theft protection subscribers of high-risk activities within their deposit accounts.
A computer consultant sells his list of more than 700 synthetic identities to two Florida men to steal millions from COVID-19 relief programs.
Synthetic identity fraud is the fastest growing financial crime in the U.S. and fraudsters are capitalizing on existing blind spots with traditional fraud risk models. Verify Identity is a new account opening tool built with ID Confidence, a Synthetics Indicator and Verify SSN to help stop bad actors from entering the system.
Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.
Account opening processes are speeding up, much to the delight of consumers. But faster application processes are also driving a notable rise...