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Decoding the Deception: Pinpoint what synthetic identity fraud is and how it gets past security checks
Have you ever asked, “what is synthetic identity fraud and how can I safeguard my institution against it”?
Fraudsters, like Shana in this video, are creating synthetic identities using a mix of legitimate and fabricated information to create new personas that eventually leave unknowing costumers with unpaid debts.
Verify Identity from Early Warning® provides insight into synthetic identities, allowing financial institutions to grow their customer base with confidence.