Latest insights on synthetic identity and fraud rings

Fraudsters create synthetic identities to easily bypass security systems that rely on verifying the links between individual identifying attributes (such as names, addresses and phone numbers). As a result, they can evade detection for long periods of time, building up credit and reputation before committing costly “bust-out” fraud.

 

Defeating synthetic fraud requires a holistic and stable understanding of the strength, tenure and frequency of all links between a consumer’s identifying attributes. This approach helps curb synthetic identity fraud, as well as account takeovers based on traditional identity theft.

 

The more that is known about consumers – offline, online and via their devices – the more effective and less risky consumer interactions can be. 

 

Watch the on-demand webinar to learn how to:

 

• Adopt a more integrated view of consumer identity in authentication processes
• Prevent costly bust-out fraud losses
• Stop synthetic identity fraud

click here to watch on-demand webinar