Synthetic identity fraud involves a criminal combining real and fake information to create a new identity, which is subsequently used to open fraudulent accounts and make fraudulent purchases. Download this White Paper to learn more about this growing problem and steps to find and prevent synthetic identity fraud.
Synthetic identities are increasingly difficult to detect especially with the growing prevalence of digital banking. IDC Research Director Steven D'Alfonso shares thoughts on the effects SID have on banks and an overview of action to take to detect SIDs and limit exposure. Learn about the impacts of COVID-19 and how Experian's Sure Profile could be a game changer in the battle against synthetic identities in this IDC Perspective.
Disclaimer: Please note that loss coverage and assurance is no longer offered with Sure Profile.
Keir Breitenfeld, Senior Business Consultant, recently sat down with host, Cameron D’Ambrosi on the State of Identity Podcast to discuss the emergence of synthetic identity fraud, its true financial impact and how organizations can begin to fight back.
Synthetic identity fraud is an epidemic impacting all markets.
There is a strong focus on new and underbanked consumers, which can pose a large threat to your onboarding and customer management policies, and most importantly, overall profitability. Fraud slows down systems, drives up costs and exploits the unsuspecting.
In our latest tip sheet, Four Common Synthetic Identity Scenarios, we provide real-world examples of how synthetic identity fraud is souring various markets, from auto and healthcare to financial services and the public sector.
Fraudsters are continuously looking to capitalize on new opportunities. Businesses need to implement an effective fraud and identity solution to prevent sophisticated attacks and balance fraud detection with ease of interactions. Watch this on-demand webinar to learn more about the impact of recent and rising fraud trends and how the proper investment in technology can help businesses mitigate credit risk and fraud while enhancing the consumer experience.
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