Introduction:Synthetic identity fraud has emerged as one of the fastest-growing types of financial fraud globally. This sophisticated tactic involves combining real and fake information to create a new identity that fraudsters use to open fraudulent accounts and carry out illicit activities. Synthetic identity fraud can lead to significant financial losses for individuals, businesses, and financial institutions. In this article, we will explore the threat of synthetic identity fraud and provide valuable insights on how to confront and mitigate this growing issue. We will also mention a few companies that...
Introduction:Synthetic identity fraud has emerged as one of the fastest-growing types of financial fraud globally. This sophisticated tactic involves combining real and fake information...