Faux Identities. Real Risk. Outsmarting Synthetic ID Fraud

Synthetic identity fraud is one of many ways accomplished fraudsters like to test an organization’s business controls and risk mitigation savviness. The shift to EMV, SCA, and other measures to stop fraud has left fraudsters scrambling to find new successful ways to profit. Enter synthetic identity. While synthetic ID fraud is not a new tactic, it has become a new favorite for seasoned fraudsters who know how to test your business’s controls and age accounts to bypass your security systems. This session will explain what synthetic ID fraud is and how fraudsters use it to exploit your systems as well as best practices for stopping and preventing loss due to this insidious type of fraud attack.