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.

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.

As a result of the COVID-19 pandemic and resulting economic downturn, businesses rushed to update their fraud and identity strategies and tools. Now is the time to review your recession response and ensure that your business is prepared to deal with the fallout from rising unemployment and changes in consumer behavior.

During the webinar, you’ll gain actionable insights on:

• How to respond to recent and emerging fraud trends
• Building a layered fraud response plan
• Protecting your business and your customers in the long term