Three Best Practices for Preventing Synthetic Identity Fraud Losses

It’s sad, but true: Criminals are flocking to synthetic identity fraud.

Why? Because…

• It has a low barrier to entry
• It's difficult to detect
• The average payoff is upwards of $81,000¹

Without the right tools, synthetic fraud is uniquely hard to catch. Criminals act like regular consumers and don’t raise red flags — until it’s too late. By the time the account defaults, they’ve made off with the funds.

But good news: You have the power to stop this.

Comb through this guide for three great ways to prevent synthetic fraud losses.