Synthetic Identity Fraud

The Next Frontier in the Fight Against Financial Crime

Synthetic identity fraud results in billions of dollars in credit losses each year, but are financial institutions (FIs) doing enough to stop it?

Synthetic fraud also has tangible impacts to financial crime enforcement and national security, and as industry awareness and education improves on this subject, we also believe that regulators will start asking hard questions about what FIs are doing to detect synthetic identities.

This whitepaper outlines our analysis and recommendations of the impacts of synthetic fraud to financial crime enforcement, and is valuable reading for any financial regulator, compliance risk manager, or fraud analytics professional.