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.

According to Experian’s 2019 Global Identity and Fraud
Report, consumers are willing to give more data for a
perceived value - security and convenience.

In this paper, we take a brief look back at where fraud
prevention started and explore the evolution our industry
must embrace to balance business growth with consumer
safety and security.

In this paper, we introduce behavioral biometrics as a class of technology in a layered fraud prevention strategy and discuss the three main behavioral areas that are analyzed to help prevent new account fraud.