Tag: synthetic identity
The sharp uptick in fraud that coincided with the digital evolution made it clear that banks, credit unions, and fintechs need to invest in...
For the last several months, Experian has participated as the only credit bureau in the pilot of the electronic Consent Based Social Security Number...
It’s obvious that 2020 was a year of unprecedented change and created brand new opportunities for fraud. In 2021, fraudsters will continue to iterate...
Recently, I shared articles about the problems surrounding third-party and first-party fraud. Now I’d like to explore a hybrid type – synthetic identity fraud...
Synthetic identity fraud, otherwise known as SID fraud, is reportedly the fastest-growing type of financial crime. One reason for its rapid growth is the...
The CU Times recently reported on a nationwide synthetic identity fraud ring impacting several major credit unions and banks. Investigators for the Federal and...
For the last several years, as the global economy flourished, the opportunities created by removing friction and driving growth guided business strategies governing identity...
Update: After closely monitoring updates from the WHO, CDC, and other relevant sources related to COVID-19, we have decided to cancel our 2020 Vision...
It may be a new decade of disruption, but one thing remains constant – the consumer is king. As such, customer experience (and continually...
Sometimes, the best offense is a good defense. That’s certainly true when it comes to detecting synthetic identities, which by their very nature become...
It’s Halloween time – time for trick or treating, costume parties and monsters lurking in the background. But this year, the monsters aren’t just...
Experian is excited to have been chosen as one of the first data and analytics companies that will enable access to Social Security Administration...
Experian has been named one of the 10 participants, and only credit bureau, in the initial rollout of the SSA's new eCBSV...
Synthetic identities come from accounts held not by actual individuals, but by fabricated identities created to perpetrate fraud. It often starts with stealing a...
Although it’s hard to imagine, some synthetic identities are being used for purposes other than fraud. Here are 3 types of common synthetic identities...
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