On-Demand Web Seminar  Synthetic identity fraud: A look behind the mask

Hosted by American Banker

The conventional fail-safes for detecting fraudulent accounts are rarely effective when it comes to synthetic identity fraud. Real people won’t see activity on synthetic identity accounts created with their Social Security numbers because there aren’t any matching names or addresses to raise any red flags. If a bank’s security department calls with questions about suspicious activity, the fraudster will simply say the transactions are legitimate. So how can financial institutions and other lenders affordably mitigate the risks of synthetic identity fraud without encumbering legitimate customers with unnecessary checks and manual reviews?

Watch this on-demand educational webinar where our panel discusses:

  • How organized criminal rings create and nurture synthetic identities
  • Why synthetic identities are so difficult to detect and fraud losses are understated
  • Future growth projections in the use of synthetic identities
  • Best practices in identity verification techniques that utilize multi-dimensional data
  • How artificial intelligence and machine-learning algorithms can help discover identity discrepancies and suspicious behavior patterns
Shirley Inscoe
Senior Analyst
Aite Group
Mike Urban
Identity, Fraud & Compliance Product Line Leader
Mike Sisk
Contributing Editor
American Banker

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