Defining Synthetic ID Fraud: How It Helps With Mitigation
Defining Synthetic ID Fraud: How It Helps With Mitigation gsuparna) • April 14, 2021 Get Permission Now that the Federal Reserve has issued a definition for synthetic ID fraud, fraud-fighting efforts likely will improve because it will be easier to identify red flags, some security experts say. The Fed has defined synthetic ID fraud as "the use of a combination of personally identifiable information to fabricate a person or entity in order to commit a dishonest act for personal or financial gain." “You ...
Source: govinfosecurity.com