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Analysis finds Synthetic Identity Fraud growing to record levels
As origination volumes for some credit products slow, analysis finds fraud risk is continuing its upward trajectory as fraudsters employ increasingly sophisticated tactics to target lenders. TransUnion found that synthetic identity... read more
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Why Synthetic identity fraud on the rise – The battle is just beginning
Synthetic identity fraud is on the rise in 2018. Sophisticated crime rings have access to never-before-seen numbers of compromised records, and they know that most fraud prevention software is fooled... more
The post Why Synthetic identity fraud on the rise – The battle is just beginning appeared first on Payments Cards & Mobile.
The battle against synthetic identity fraud
In the 1982 sci-fi movie Blade Runner, Harrison Ford played Deckard, an ex-detective tasked to track down replicants — robots who were so lifelike that it was almost impossible to tell man from machine. In the coming years, bankers will need the equivalent of Deckards on their staffs as they deal with one of the most serious problems [...]
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