Amid the wider sea of fraudulent activity during the pandemic, synthetic identity fraud has hit financial institutions in a particularly violent wave. Though it’s hardly a new phenomenon, the use of synthetics has exacerbated many other fraud trends in the US, from unemployment fraud to pandemic relief scams and much more.
In this CrimeCast, hear expert Amanda Dupont as she explores how synthetic identity fraud is challenging fraud programs across the country and around the world. She’ll provide real-world examples of fraud cases she’s seen and worked at financial institutions, and give insights on how a “more is more” approach can help institutions to respond effectively. She’ll also guide listeners on data sources and practical steps that institutions can utilize to bolster their fraud detection and prevention programs.