fbpx

The Rise of Synthetic Fraud

How FIs can detect and address synthetic identity fraud

Synthetic identity fraud is one of the fastest-growing types of fraud. 

Between 2017 and 2018, an ID Analytics survey found that 85-95% of applicants using synthetic identities were not identified as ‘high-risk’ by traditional fraud models. 

Now more than ever, FIs should know the importance of identifying fraud early, keeping their staff trained on the latest in fraudster behavior, and forging the right technology partnerships to stay current and protected.

Read the white paper to learn more.