Cybercrime 101: How to Protect Yourself Against Synthetic Identity Fraud Scams
Synthetic identity theft is when fraudsters pair real and fictitious customer data to create false identities. It's the fastest-growing cybercrime in identity fraud—and it costs banks $6 billion annually. Even worse, this scam is almost impossible to trace.
Here's a look at synthetic identity fraud—or in the spirit of October, Frankenstein fraud—what it is, its impact on individuals, and how you can take proactive steps to keep the fraudsters away.
Originally posted by IDX
Thank you for reading and I look forward to reading your comments on this subject.
Replies
I do not hide my money under my mattress or in a hole, but I have come across a number of people who do. Thanks, Terri, for the heads up on the Frankenstein Fraud.
Wow...The internet has become cess pool of frauds and scammers unfortunately. Thank you for sharing this info with us.
Thank you John Cory Jackson for your comments. Everyone should be careful when on the internet because they prey on innocent people.
I have been scammed before so I am extra careful now.
Good to know, thank you!
You're welcome Chris Shouse