Unpacking the fastest growing form of financial crime.
This workshop provides an in-depth exploration of synthetic identity fraud, the fastest-growing financial crime in the United States. Participants will dive into the methods used by fraudsters to merge real personal identifiable information (PII) with false credentials to create “Frankenstein IDs,” enabling a variety of fraudulent activities. The session covers the acquisition of personal information on the dark web, the use of
platforms for generating fake IDs, and introduces effective countermeasures against these threats.
Creating a Synthetic ID.
Impact of Synthetic ID Fraud.
Synthetic ID Countermeasures.
Introduce the concept of synthetic ID fraud and detailing key characteristics of fraudsters techniques.
Demonstrate how fraudsters can use code, data, and dark web to commit synthetic ID fraud.
Explain how companies are providing solutions to identify and stop synthetic ID fraud using data and machine learning methods.
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