Fraudsters have turned to creating phony identities pieced together with information from several real and fictitious sources. Perpetrators use the synthetic identities to apply for credit, make major purchases, or take other actions that help give each identity a financial history.
This white paper examines:
How synthetic identities are created
Which approaches, offered by solution vendors, businesses can leverage to support their internal anti-fraud processes
Key steps and best practices for battling against this predominant tactic for fraudsters