Identity Insights | Synthetic Identity Attack Patterns
Synthetic Identity Attack Patterns
Synthetic identity fraud is when fraudsters or consumers use completely fake identities or manipulated real identities for the purpose of financial gain.
Synthetic identity fraudsters used to attack credit cards or wireless phones for fast money, then they moved on to bust outs. But now, these fraud attack patterns are shifting. How will your institution adjust? Socure fraud expert Mike Cook explains more.
Read the full transcript for the video here.
Resources
Report
Defining and Solving the Elusive Challenge of First-Party Fraud
Blog
Reinforcing the Fight Against Synthetic Identity Fraud
Blog
A Slippery Slope: How Synthetic Identities Can Slip Through Your Defenses